Dailyhunt acquires Local Play
Bengaluru-based Dailyhunt Thursday said it has acquired Local Play, a hyperlocal video content and news content application.
"The acquisition underscores Dailyhunt's aggressive strategy of attracting new users, residing in the real Bharat' the tier II, III and IV Indian cities and towns - who are always hungry to stay updated on all the latest hyperlocal happenings," a statement said.
No financial details were disclosed.
Dailyhunt's platform has 188 million monthly active users. Its investors include Matrix Partners India, Sequoia, Omidyar Network, Falcon Edge and Bytedance.
Launched in July 2018, LocalPlay had raised a seed round from Orios Venture Partners, Raveen Sastry, Sanjay Ramakrishnan, Dhimant Parekh, N Ravi Shankar and Gopinath G.
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