DailyHunt raises $6 Million from Goldman Sachs as a part of Series E round

DailyHunt raises funds from Goldman Sachs

Bengaluru based news aggregator “DailyHunt” run by Ver Se innovations Pvt. Ltd. raised $6 million (INR 42 Crore) from Goldman Sachs investment partners, which is a venture capital arm of New York-based investment bank Goldman Sach. The funding will be a part of Series E Round.

Earlier in 2015, it raised INR 250 Crore in Series C funding led by Falcon Edge Capital. In 2016, it raised INR 168 Crore in Series D funding round from Chinese content provider ByteDance.

DailyHunt was launched in 2009 by former Nokia Executive Umesh Kulkarni and Chandrashekhar Sohoni. It was formerly known as “NewsHunt” and was rebranded as “DailyHunt” in August 2015. It has 80 million users who spend 6 Billion minutes on the platform each month.

DailyHunt is available in 14 languages including English, Hindi, Marathi, Nepali, Gujarati. It provides original video content in Hindi and Telugu. It also provides free live TV stream service with more than 130 channels across 9 languages.

Major competitors of DailyHunt are UCNews, IShorts, NewsDog, Viralshorts. It’s latest offering is Newzly, a news excerpt mobile application that provides users with customized trending headlines in 9 languages.