DailyHunt secures million in Series D round from China’s ByteDance and others

Latest News In line to previous reports, DailyHunt, a local language content application, has today announced that it has raised $25 million in its Series D round of funding. However, the amount raised by the company is much lesser that what we had speculated. The current round was led by China’s Bytedance, along with the participation of Arun Sarin, Matrix Partners India, Sequoia Capital India and Omidyar Network. Arun Sarin, who participated in this funding round former global CEO of Vodafone Group. Interestingly, Bytedance itself a content aggregator in China. It is backed by investors like Russian billionaire Yuri Miliner’s DST Global and social media major Sina Weibo. While the valuation at which the new round has been raised could not be ascertained, it is said that the deal has been done “at a premium” to…


Link to Full Article: DailyHunt secures million in Series D round from China’s ByteDance and others