Dailyhunt

Dailyhunt (formerly Newshunt), is an Indian content and news aggregator application based in Bangalore, India that provides local language content in 14 Indian languages from multiple content providers.[1]

Dailyhunt
Original author(s)Virendra Gupta
Developer(s)Dailyhunt
Initial release28 September 2010 (2010-09-28)
Stable release(s)
Android16.2.7 / 6 August 2020 (2020-08-06)
iOS10.0.0 / 5 August 2020 (2020-08-05)
Operating system
Size
Available in14 languages
List of languages
Type
LicenseFreeware
Websitewww.dailyhunt.com

Dailyhunt's parent company is Verse Innovation, which was founded in 2007 by Virendra Gupta, better known as Viru. Viru serves as Founder of Dailyhunt with Co-founder Umang Bedi.[2] The company's mission is "the Indic platform empowering a billion Indians to discover, consume and socialise with content that informs, enriches and entertains".

In September 2020, Dailyhunt officially launched a short-video app called Josh (passion or enthusiasm)[3] The launch of Josh is the next step in Dailyhunt's strategy to build a family of apps for India.[4]

History

Dailyhunt, earlier called Newshunt, was created as a Symbian app in 2009 by two ex-Nokia employees Umesh Kulkarni and Chandrashekhar Sohoni. Later in 2011, Newshunt became available on the Android platform. It was by that time that Virendra Gupta, founder of Verse acquired the application.

Virendra Gupta, better known as Viru, had started Verse in 2007 as a value-added service (VAS) company.[5] In 2011, he acquired Newshunt from its owners Umesh and Chandrashekhar. Umesh became the CTO and stayed on to oversee its transition towards the smartphone era.

In 2015, Viru renamed Newshunt as Dailyhunt. In early 2018, Viru roped in Umang Bedi, to be the President of Dailyhunt and lead the business with him while focusing on making the benefits of the platform available to a larger audience. Later, the duo pivoted their aim to becoming India's largest digital media business. Umang was elevated to Co-Founder in 2020.[6]

An end of 2015 story reported Dailyhunt to be the largest Indian language distributor of e-books having 70,000 titles in ten languages.

Funding

In September 2014, Dailyhunt (then known as Newshunt) closed its Series B funding of INR 100 million from Sequoia Capital India.[7] The Series C funding round was led by Falcon Capital and was closed with $40 million in February 2015.[8] In October 2016, the company received its Series D funding of $25 million from ByteDance[9] and a Series E funding of $6.39 million from Falcon Edge Capital in September 2018.[10] Additionally, Dailyhunt raised $3 Mn (INR 21.75 Cr) in a Series F funding round from Stonebridge Capital in August 2019.[11] Other investors of Dailyhunt include Matrix Partners India, Omidyar Network, Goldman Sachs and Sofina.

Tie-ups and partnerships

In September 2020, Dailyhunt signed up as an Associate Sponsor with Star Sports for Dream 11 IPL 2020.[12]

In May 2020, Snapdeal partnered with Dailyhunt to add news content on marketplace.

In March 2019, Discovery Communications India entered into a multi-year partnership with Dailyhunt to showcase short-form content.

Awards and honors

In November 2018, Virendra Gupta, Founder & CEO, Dailyhunt and Umang Bedi, President, Dailyhunt were honoured with the exchange4media Influencer of the Year Award.

References
  1. "EXCLUSIVE: Dailyhunt founders confirm IPL 2020 associate sponsorship — promise new release for Josh ahead of India's biggest cricket tournament". Business Insider.
  2. "EXCLUSIVE: Dailyhunt founders confirm IPL 2020 associate sponsorship — promise new release for Josh ahead of India's biggest cricket tournament". Business Insider.
  3. Sep 9, Sindhu Hariharan /. "Dailyhunt launches short videos app Josh - Times of India". The Times of India.
  4. Ahmad, Samreen (9 September 2020). "How DailyHunt is building a suite of 'Made in India' apps for Bharat". Business Standard India.
  5. "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com.
  6. "EXCLUSIVE: Dailyhunt founders confirm IPL 2020 associate sponsorship — promise new release for Josh ahead of India's biggest cricket tournament". Business Insider.
  7. "NewsHunt Raises INR 100 Cr From Sequoia Capital & Its Existing Investors". September 22, 2014.
  8. Chakraborty, Sayan (October 10, 2016). "DailyHunt in talks with investors to raise $40 million". Livemint.
  9. "News And Ebooks App DailyHunt Secures $25 Mn Funding". October 15, 2016.
  10. "Dailyhunt Secures $6.39 Mn In Series E From Falcon Edge". September 3, 2018.
  11. "Dailyhunt Secures Nearly $25 Mn Funding In Ongoing Series F Round". August 8, 2019.
  12. Delhi, BestMediaInfo Bureau. "Star India signs Dailyhunt as Associate Sponsor for IPL 2020". www.bestmediaifo.com.
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