Dailyhunt parent gets $450 million in new funds as valuation doubles

Mumbai: VerSe Innovation, the parent company of online news aggregator Dailyhunt and short-video platform Josh, has raised $450 million in a funding round led by Siguler Guff, Baillie Gifford, affiliates of Carlyle Asia Partners Growth II, Bay Capital and IIFL.

The round, which is largely a primary fundraise, includes a small portion of secondary share sale where some early investors have partially cashed out, sources said.