Local language technology platform VerSe Innovation has raised over $100 million in a Series H funding round led by global investors Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar and Glade Brook Capital Partners. Canaan Valley Capital and existing investor Sofina Group also participated in this round. The investment in DailyHunt and Josh parent follows close on the heels of a $100 million plus fund raise from technology giants Google, Microsoft and AlphaWave in December last year. The December fundraise had catapult VerSe Innovation in the unicorn club making it the country s first unicorn in tech for local languages. According to sources, after the fresh capital infusion, VerSe Innovation now has a valuation of $1.1 billion.
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DailyHunt s Josh raises $100 million from Qatar Investment Authority and others – just two months after Google and Microsoft made it a unicorn
DailyHunt s Josh raises $100 million from Qatar Investment Authority and others – just two months after Google and Microsoft made it a unicorn
Sanchita DashFeb 8, 2021, 14:55 IST
VerSe Innovation
VerSe Innovation has raised $100 million from Qatar Investment Authority, the sovereign fund of Qatar.
The investment has come through for DailyHunt’s take on TikTok, a short video platform, Josh.
Josh had also recently signed a licensing agreement with Saregama, one of India’s oldest music labels.VerSe Innovation, the parent company of DailyHunt which runs the short video app Josh, has raised $100 million in a round led by Qatar Investment Authority, the sovereign fund of Qatar, and Glade Brook Capital Partners. The investment also saw participation from Canaan Valley Capital and existing investor Sofina Group.