Dailyhunt parent becomes a unicorn with $100 million funding round

Bengaluru-based VerSe Innovation, that owns and operates local language news and video app Dailyhunt raised $100 mn round of funding from AlphaWave that is a unit of Falcon Edge Capital, Google and Microsoft. VerSe is now the first unicorn in tech for local languages.

The new introduction of funds would be used to gear up its short video app Josh, expand its local language content offerings, to develop a content creator ecosystem and leverage artificial intelligence (AI) and machine learning (ML) in it.

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