Dailyhunt’s parent VerSe is on a funding streak. Barely one-and-a-half months after completing a USD 100 million-plus funding round from AlphaWave, Google, and Microsoft, at a valuation of over USD 1 billion, the holding company of the local language news aggregator app has raised another USD 100 million in a Series H funding round.

— Kr-Asia.Com

Rajaram Legal advised Ver Se Innovation Private Limited, operating as DailyHunt, led by a team of partner Prasad Subramanyan and senior associate Nikita Rajwade.

Cleary Gottlieb Steen & Hamilton LLP was advising the Qatar Investment Authority with a team comprising of partner Nallini Puri, and associates Surya Banerjee and Georgia Moorhouse.

Cyril Amarchand Mangaldas acted for Alpha Wave led by a team of partners Akshay Bhat and Kota Chandan, principal associate Suvojit Halder, senior associate Sambhrama Malimath, and associate Saumya Sahai.

Cyril Amarchand Mangaldas also acted for Google with partner Harish S and senior associate Saloni Shroff.

J Sagar Associates (JSA) acted for Microsoft led by partner Lalit Kumar and senior associate Amandeep Singh Virk.

Touchstone Partners represented Glade Brook and Canaan Valley Capital led by a team of partner Ruchir Sinha and associate Sanjana Bhatnagar.

Series H Investors Lupa Systems and Sofina, and Existing Investor Omidyar Network were all represented by their respective in-house legal teams.

Existing Investor Goldman Sachs was represented by Trilegal, led by a team of partners Sridhar Gorthi and Aniruddha Sen, counsel Deep Choudhuri, and associates Shikha Rawal and Kanishtha Mehta.

Trilegal also represented Exis.

Update 14 February 2021: Trilegal also advised Bytedance (HK) Limited (an existing investor) led by a team including partner Gautam Singh and senior associate Kushal Ramotre.

2021-02-08

Deal value: USD 200 million

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