VerSe Innovation, the parent firm of popular news and entertainment app DailyHunt and short video app Josh, said on Monday the startup has raised over $100 million as part of its Series H financing round from Qatar Investment Authority and Glade Brook Capital Partners.
The announcement follows another $100 million or so the startup secured from Google, AlphaWave, and Microsoft in December last year.
Dailyhunt is a popular news and entertainment app that serves more than 285 million users each day in 14 local languages. Josh, an app that was launched after New Delhi banned TikTok, has amassed over 85 million monthly active users, the startup claimed. Josh app sees more than 1.5 billion video plays each day, the startup said.
This is a developing story. More to follow…