Dailyhunt’s parent raises another $100 million from Qatar Investment Authority, others

VerSe Innovation, the parent company of news aggregator Dailyhunt and short-video platform Josh, has raised more than $100 million in a Series H funding round led by Qatar’s sovereign wealth fund Qatar Investment Authority and Glade Brook Capital Partners. Canaan Valley Capital and existing investor Sofina Group also participated in this round.

This fundraising comes on heels of VerSe Innovation landing more than $100 million financing from Google, Microsoft and Falcon Edge’s Alpha Wave Incubation at a valuation of more than $1 billion in December last year. The company also counts Lupa Systems, Matrix Partners India, Sequoia Capital India, Falcon Edge Capital and Omidyar Network among its investors.

The company plans to use the funds raised to scale up its short video platform Josh, including strengthening its local language content offerings, developing its content creator ecosystem and investments in artificial intelligence and machine learning.