India’s VerSe Innovation raises over $450 million to expand Dailyhunt and Josh apps globally

VerSe Innovation, the mother or father agency of widespread information aggregator Dailyhunt and quick video app Josh, mentioned on Thursday it has raised over $450 million in a brand new financing spherical, simply 5 months after securing $200 million, because the Indian startup seems to broaden its choices to worldwide markets.

Siguler Guff, Baillie Gifford, associates of Carlyle Asia Companions Development II and others financed VerSe Innovation’s Sequence I spherical, whereas current traders Sofina Group, Qatar Funding Authority and BCap participated.

VerSe Innovation mentioned in an announcement that its valuation has greater than doubled previously 5 months with out disclosing a exact determine. The startup was valued at over $1 billion in its Sequence H financing spherical.

The Google and Microsoft-backed startup claimed that Josh, which has amassed over 115 million month-to-month lively customers, 56 million of whom use the app every day. Dailyhunt, the startup mentioned, has amassed over 300 million month-to-month lively customers.

VerSe Innovation is betting on constructing a household of apps that serves customers in scores of native languages. Dailyhunt, as an illustration, provides its content material in 14 languages from over 100,000 content material companions and creators.

This can be a growing story. Extra to observe…

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