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

VerSe Innovation, the parent company of news aggregation platform Dailyhunt and short-video format Josh, has raised $450 million from investors led by Siguler Guff & Co, Baillie Gifford, affiliates of Carlyle Asia Partners Growth II, Bay Capital and IIFL.

The round, largely a primary fund infusion, also includes a small secondary share sale component where some early investors have partially cashed out, sources said.