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Startups

Indian news site raises $23.5m funding from Bytedance and others

Dailyhunt, with machine and deep learning tech, also attracts Goldman Sachs

Dailyhunt's machine learning and deep learning technology enables smart curation of content and tracks user preferences to deliver real-time, personalised content and notifications. (Photo by Ken Kobayashi)

NEW DELHI -- News and local language content platform Dailyhunt has raised about $23.5 million in a Series G funding round from existing investors, including Bytedance, Falcon Edge, Goldman Sachs and Advent Management, according to its regulatory filings.

Dailyhunt has allotted Series G1 convertible preference shares to the investors to raise the above amount, the filings show. Falcon Edge has led the current round by contributing about 718.5 million rupees ($9.4 million) while Bytedance, Goldman Sachs Asia and Advent Management Belgium have pumped in 359.2 million rupees each into the Bengaluru-based startup.

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