Carlyle set to invest $45 mn in DailyHunt

New Delhi & Mumbai: Bulge-bracket private equity firm Carlyle Group is in advanced discussions to invest an estimated $45 million (about Rs 308 crore) in news and content application Daily-Hunt, as the Bengaluru-based company looks to delve deeper in the vernacular content space, while continuing to stave off stiff competition from its deep-pocketed Chinese rivals.

If successful the transaction could value the 12-year-old company at about $650 million, pre-money, according to multiple sources aware of the development. Separately, Japan’s SoftBank, which operates the world’s largest pool of private capital, has also had discussions with Daily-Hunt, to potentially invest $120-$150 million in the company. When contacted by ET, Daily-Hunt