Bengaluru: Umang Bedi, who was most recently the managing director of Facebook for India and South Asia, before which he led India business at multi-national companies like Adobe, Intuit and Symantec. He officially left Facebook in January and joins Dailyhunt.
In what will be one of the most high profile hires by an Indian internet firm in recent years, local language news and entertainment aggregator Dailyhunt has roped in former Facebook India head Umang Bedi as President.
Bedi will report to founder Virendra Gupta and will take help scale up the revenues and user base of the platform, which already has more than 80 million monthly active users.
“We will focus on three metrics – increasing number of users, how we can grow engagement and revenue. I believe Dailyhunt can differentiate to win market share in the advertising space and be an independent platform of scale,” Bedi told ET.
Dailyhunt has over 250,000 news articles in 14 languages, licensed from thousands of content partners with readers spending over six billion minutes on the application each month.
Founded in 2009 Dailyhunt has raised over $160 million in funds from investors including Matrix Partners India, Sequoia, Omidyar Network and Falcon Edge. In 2016 it raised a round from China’s Bytedance, which operates personalized news app Toutiao there.
Dailyhunt has also been expanding it’s product suite and recently introduced Newzly, a news-in-brief app in nine India languages to compete with startups like InShorts and Times Internet’s NewsPoint, part of the group which publishes The Economic Times.