Corner OfficeCXO Bytes

Using AI to build a credible, sustainable local language content platform

Tech veteran Umang Bedi hardly needs any introduction in India. Bedi, who is co-founder of the largest local language content platform in the country Dailyhunt, has held several senior leadership positions in his illustrious career. These include those as MD of Facebook, India and South Asia, MD of Adobe, South Asia and MD of at and emerging markets at Intuit, Inc. Dailyhunt, as we know is part of Bengaluru-based Verse Innovation, which completed a $100 million+ round of funding in December 2020 from AlphaWave (a unit of Falcon Edge Capital), Google and Microsoft and its existing investors–Sofina Group and Lupa Systems.

The company, then, raised another $100 million in a Series H round that was led by sovereign wealth fund Qatar Investment Authority (QIA) and Glade Brook Capital Partners, with participation from Canaan Valley Capital and existing investor, Sofina Group. This has raised the company’s value to over $1 billion, making it a much-envied unicorn.
In an interview, Bedi spoke to Leslie D’Monte–Publishing Director of Trivone, about many issues, including his current journey as an entrepreneur; the role of tech startups; Dailyhunt’s business model and prospects; the role of AI in this business; and the role of the tech ecosystem in India.

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