Verse Innovation, the creator of Dailyhunt, has announced the appointment of Umang Bedi, the former top executive of Facebook and Adobe as its president.
Dailyhunt delivers personalised, intuitive, curated content to about 80 million users each month. Its investors include Matrix Partners India, Sequoia, Omidyar Network, Falcon Edge and Bytedance.
Prior to this, Bedi was the managing director of Facebook for India and South Asia.
Bedi said, “This is a tremendous opportunity to drive scale via Dailyhunt’s ‘Made in India’ platform. The intention is to serve the unmet, under-served needs of Indians who live in tier 2,3,4 cities and rural areas and provide them with personalised, relevant, meaningful experiences."
Virendra Gupta, founder, Dailyhunt said, "We are seeing unprecedented growth in time spent for truly local content across text, images and video. Our ambition is to consolidate our leadership position in local language content and advertising and exponentially scale this leading platform. Umang’s background in social media content and experience leading scaled teams generating hundreds of millions of dollars in revenues is a great fit with our plans. I look forward to partnering closely with him on our journey going forward.”