Bengaluru based news and ebooks mobile app,
Dailyhunt has acquired Bengaluru based hyperlocal video content and news
content application, Local Play for an undisclosed amount.
Founded in 2018 by Gunjan Kejriwal and Prajwal
P, LocalPlay has done significant process and product innovation for on ground
news collection and production. LocalPlay had raised a seed round from Orios
Venture Partners, Raveen Sastry, Sanjay Ramakrishnan, Dhimant Parekh, N Ravi
Shankar and Gopinath G.
Launched in 2009 by Nokia employees Umesh
Kulkarni and Chandrashekhar Sohoni, NewsHunt was acquired by Verse in 2012. In
August 2015 NewsHunt rebranded itself as DailyHunt. Currently, Dailyhunt
has grown into a news and local language content application with over 155 Mn
app installs offering 100K news articles in 14 languages licensed from over 800
publication partners every day. The group claims that every month has more than
50 Mn users spend over six billion minutes on the app.
The company has raised more than $122.3 Mn
(INR 870 Cr) in series of investments from investors such as Sequoia
Capital India, Falcon Edge Capital, Matrix Partners, Omidyar Network, and Darby
Overseas Investments. Going forward, Dailyhunt will further scale up and
produce 5 Mn pieces of hyperlocal content annually, available exclusively on
Dailyhunt.
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