Dailyhunt in early talks to raise funds from SoftBank
Regional language news aggregator Dailyhunt is in initial talks with Japan’s SoftBank to raise more than $150 million, according to two people familiar with the matter. If this transaction goes through, it will mark SoftBank’s first independent investment in the content space, which has seen several startups coming up over the past few years. “SoftBank’s interest in Indian content startups emerges from the larger theme of tapping into the next internet user wave in the country,” one of the two people cited above said, requesting anonymity. “SoftBank has held talks with another regional content startup for a potential investment, but nothing has been finalized yet.”Both SoftBank and Dailyhunt declined to comment.