Dailyhunt, the news aggregator, in its Series G funding raised Rs 180 crore. It has now been topped with $35.6 million (Rs 267.1 crore) from James Murdoch’s Lupa India.
It is James Murdoch’s second investment in India.
As per the regulatory filings, DailyHunt is allotting 205,523 Series G3 preference shares and 10 equity shares to Lupa India Holdings LLC at a price of Rs 12,995.84 each share.
Once the transaction goes through, Lupa will hold a 5.7% stake in the firm on a fully diluted basis. With this infusion, the company has so far secured Rs 485 crore in the ongoing financing round.
Rebranded as Dailyhunt from Newshunt in the year 2015, the news aggregation appis available across vernacular languages like Marathi, Gujarati, Nepali etc.
It also operates in countries like Sri Lanka, Nepal, Bangladesh, and some African countries
Recently, the Bengaluru-based firm had raised Rs 180 crore from Bytedance, Falcon Edge, Goldman Sachs and Advent Management. Dailyhunt is also in early-stages talks with Alpine Capital to raise $20-25 million.
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