The Series I funding round led by Siguler Guff, Baillie Gifford and Carlyle Asia Partners and others
Dailyhunt and Josh's parent company will look to expand overseas and broaden its ecommerce play
VerSe claims to have over 50 Mn creators with over 80 Bn video plays per month across its platforms
Digital media platform Dailyhunt and short video app Josh’s parent company VerSe Innovation has raised over $450 Mn in a Series I funding round led by Siguler Guff, Baillie Gifford and Carlyle Asia Partners and others.
Existing investors Sofina Group, Qatar Investment Authority and BCap also participated in the round, which was advised by Avendus Capital. It brings the post-money valuation of the company to over than doubling its valuation from its unicorn round, which concluded in February earlier this year. The company had raised a total of $200 Mn from Falcon Edge Capital, Alpha Wave Ventures, Glade Brook Capital Partners, Google, Microsoft and QIA between December and February 2021 in its Series H round.