The funding is an attempt by Dailyhunt to build a warchest against NewsDog, Sharechat, Helo and TikTok
Bengaluru: Local language news aggregator Dailyhunt has hit the market to raise up to $100 million from new and existing investors, amid strong investor appetite for fast-growing content start-ups, two people familiar with the matter said. While Dailyhunt raised over $6 million in a bridge round of funding in September, the Bengaluru-based company is looking for fresh capital to build a war chest as it takes on newer, well-funded companies such as Tencent-backed NewsDog, Shunwei Capital-backed Sharechat and Toutiao’s Helo.
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