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. “SoftBank has held talks with another regional content startup for a potential investment, but nothing has been finalized yet." Dailyhunt is one of the earliest entrants to the regional content space. Some of the industry analysts Mint spoke with say that Dailyhunt’s user growth has plateaued over the last several months. “While their revenue growth has been 100%, it has been tailing off this year because app downloads and user growth have slowed down."

Source: Mint May 14, 2019 15:56 UTC