News and local language content discovery application Dailyhunt Thursday announced acquisition of hyperlocal content platform LocalPlay for an undisclosed sum.
Bengaluru-based Dailyhunt said the acquisition underscores its aggressive strategy of attracting new users, residing in the tier I, III and IV Indian cities and towns, who are always hungry to stay updated on all the latest hyperlocal happenings.
Hyperlocal content is consumed by people that are located within a well-defined area, generally on the scale of a street, neighbourhood, community or city.
"The latest acquisition of LocalPlay is a part of our strategic focus to penetrate the next billion users of Bharat and build deep sustainable moats around our business and will position us even better as the go-to destination for local language content in India," he added.
Gupta said Dailyhunt will further scale up and produce five million pieces of hyperlocal content annually, available exclusively on Dailyhunt.
Dailyhunt's investors include Matrix Partners India, Sequoia, Omidyar Network, Falcon Edge and Bytedance.