Mumbai: Verse Innovation Private Limited, creators of Dailyhunt, announced the prominent appointment of Umang Bedi as its President.
The move comes in the wake of Dailyhunt’s emergence as India’s undisputed leader in news and regional language content. Dailyhunt relies on a proprietary algorithm powered by Deep Learning and Machine Learning to deliver personalised, intuitive, smart curated content. 80 million users spend over 6 billion minutes on Dailyhunt each month. The platform offers over 250,000 news articles in 14 languages licensed from thousands of content partners and contributors every day. It provides original video content in Hindi and Telugu, free live television streaming service with 130+ channels across 9 languages through a strategic partnership with Vuclip and YuppTV, market leaders in the over-the-top (OTT) video content space. Dailyhunt’s latest offering comes in the form of Newzly, a news excerpt mobile application that provides user customised trending headlines, also in 9 languages.
A study by KPMG and Google titled ‘Indian languages Defining India’s Internet’ highlights that by 2021, regional language users will account for 75% of India’s Internet user base. 90% of the new internet users in India in the next 5 years will be Indian language users growing by 230% to 536 million users in 2021. Vernacular Indian languages are redefining the Internet landscape by transforming the lingual face of Digital India. Dailyhunt is leading the transformation and enjoys the #1 position in this exciting market. Dailyhunt’s investors include Matrix Partners India, Sequoia, Omidyar Network, Falcon Edge and Bytedance.
Umang Bedi recently concluded a successful tenure as the Managing Director of Facebook for India and South Asia. His contributions were instrumental in India emerging as amongst the largest markets for Facebook globally. The Harvard Business School Alumnus, reported for being a change agent is a sought-after name for his ability to scale businesses. Having led global enterprises such as Adobe, Intuit, Symantec in India and South Asia, Umang has championed collaborative cross-functional management. He has been the recipient of coveted awards including – Fortune India 40 Under 40, GQ’s 50 Most Influential Young Indians and 40 Under 40 by the Economic Times.
