India’s VerSe Innovation raises over $450 million to broaden Dailyhunt and Josh apps globally – TechCrunch


VerSe Innovation, the father or mother agency of in style information aggregator Dailyhunt and short-video app Josh, mentioned on Thursday it has raised over $450 million in a brand new financing spherical, simply 5 months after securing $200 million, because the Indian startup appears to be like to broaden its choices to worldwide markets.

Siguler Guff, Baillie Gifford, associates of Carlyle Asia Companions Progress II and others financed VerSe Innovation’s Collection I spherical, whereas current buyers Sofina Group, Qatar Funding Authority and BCap participated.

VerSe Innovation mentioned in a press release that its valuation has greater than doubled prior to now 5 months with out disclosing a exact determine. The startup was valued at over $1 billion in its Collection H financing spherical.

The Google and Microsoft-backed startup claimed that Josh has amassed over 115 million month-to-month lively customers, 56 million of whom use the app every day.

It is a creating story. Extra to observe…


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