India-based news and writing content platform Dailyhunt has secured $25m in funding from a consortium including content aggregator Bytedance, the Economic Times reported on Saturday.
Matrix Partners India, Sequoia Capital India, Omidyar Network and angel investor Arun Sarin also took part in the round.
Dailyhunt, founded in 2007 as Newshunt, operates a mobile app that lets users access content such as news and magazines in local languages. Users can also purchase e-books through the platform.
Bytedance will assist Dailyhunt with further expansion. Zhang Yiming, founder and chief executive of Bytedance, will join Dailyhunt’s board.
Yiming said: “Dailyhunt is serving a huge unmet need of providing local language content to Indian mobile users and has grown with its localised approach ad-business model.”
Dailyhunt had previously revealed $40m in combined series A and B capital in February 2015 from Falcon Edge Capital, Matrix Partners, Sequoia Capital and Omidyar Network.