News aggregator platform Dailyhunt has made global forays by expanding its operations to six new countries in the Middle East as the Sequoia Capital-backed company looks to tap into what it claims is a $5 billion news aggregation and advertisement market. VerSe Innovation, which runs Dailyhunt, has also appointed media veteran Shekhar Iyer as its Director and General Manager for Middle East and North Africa (MENA) region, the company said. Dailyhunt said it has partnered with 5,000 local content partners catering to the UAE market. We are playing in a $4-$5 billion TAM (total addressable market), which is growing 25 percent every year,” Bedi added. Bedi did not comment on the deal, but accepted that ByteDance has totally exited VerSe Innovation.

Source: The North Africa Journal June 21, 2022 05:18 UTC