dailyhunt | Pixr8 News

Indian News Aggregator App Dailyhunt acquires LocalPlay

20Jun By AdityaNo Comments

ACQUISITION

Indian News Aggregator App Dailyhunt acquires LocalPlay

India's leading News discovery app Dailyhunt announced the acquisition of hyperlocal content platform LocalPlay for an undisclosed sum. Bengaluru-based Dailyhunt said, the acquisition underscores its aggressive strategy of attracting new users, residing in tier I, III and IV Indian cities and towns, who are always hungry to stay updated on all the latest hyperlocal happenings. Hyperlocal content is consumed by people that are located within a well-defined area, generally on the scale of a street, neighbourhood, community or city. "We saw the need of hyperlocal content is still largely untapped despite the presence of a host of traditional and new age content platforms in India," Dailyhunt Founder Virendra Gupta said. "The latest acquisition of LocalPlay is a part of our strateg...

Alibaba Proposes to invest $500 Mn in Dailyhunt

The multinational e-commerce giant Alibaba is planning to buy a minority stake of upto $500 million in Dailyhunt (formerly known as Newshunt), an online news providing platform said two people close to the development reported livemint. According to the duo, Alibaba has already offered a deal closing at $500 million to Dailyhunt but the news aggregator is looking for more investors, other than Alibaba. “The talks are, however, not yet conclusive as Dailyhunt is also looking for other funding options apart from Alibaba,” said one of the person aware of the matter, on the request of staying anonymous. The other person asking for the same quoted, “The deal will be a minority stake sale in which Alibaba is looking to acquire anywhere between 10% to 12%, depending upon the final negotiat...

Dailyhunt Invested 15 Crores in OneIndia

Dailyhunt, an app for news and e-book invested Rs 15 crore in the local news language portal OneIndia also known as Greynium Information Technologies, owned by Rajesh Jain and BG Mahesh. The funding from DailyHunt seen as a revenues sources for advertisement spend on digital with increasing smartphone users. Dailyhunt and Oneindia already have a content partnership. Rajesh Jain and BG Mahesh were the brains behind Prime Minister Narendra Modi's digital strategy during the 2014 elections and the investment will help Dailyhunt expand its partnership with OneIndia, which is owned by Greynium Information Technologies. Founded in January 2006, OneIndia websites includes Cricket, FilmiBeat and CareerIndia sections had 35 million unique visitors and 500-million page views a month. ...