India: Dailyhunt scores $35m in top-up funding led by Lupa Systems

India: Dailyhunt scores $35m in top-up funding led by Lupa Systems

Photo by Ibrahim Rifath on Unsplash

News and local language content platform Dailyhunt has raised additional $35 million (Rs 267 crore) in its ongoing Series G funding round led by James Murdoch-led Lupa India, barely within two weeks after mopping up about $23.5 million from existing investors.

According to the company’s latest filings sourced by business signals platform Paper.vc, Lupa India Systems Holdings LLC has subscribed to 10 Series G equity shares and 205,523 Series G3 preference e shares of Verse Innovation Pvt. Ltd, which owns and operates Dailyhunt, in exchange for the aforesaid investment.

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