Dailyhunt, which diversified its offering with a short video entertainment app Josh after TikTok was banned in 2019, had really used the app to raise over $ 550 million, get unicorn status, and get the rating to double to over $ 2 billion.
Now Dailyhunt has taken video to another level with the launch of a new app Publicvibe that only offers hyper-local video updates on crime, politics, public issues and local events.
According to the app published under Eterno’s Play Store account, the app is available in Hindi, Telugu, and English. Trickypedia Sources show that Publicvibe is currently active in over 10 states, including the Hindi language belt (MP, UP, Bihar, Jharkhand), Andhra Pradesh and Karnataka, among others.
Publicvibe appears to be a clone of Inshorts’ hyper-local video-only app Public, which is available in around a dozen local languages. With its new offering, Dailyhunt will compete directly with the Tiger Global backed company.
According to sources, Dailyhunt took over Hyderabad-based Publicvibe in early 2020 and has so far managed to keep it under lock and key. PublicVibe, formerly known as NewsDistill, was founded in 2015 by a former software engineer Narasimha Reddy Veeramreddy.
Publicvibe had raised $ 100,000 in his first round from Ganesh Narasimhan, Ramana Thumu and Sudhir Mallem. It had behaved another installment in May 2019 by Bikky Khosla and Prashant Pahade.
“The company has been working on Publicvibe since February this year and launched it somewhere in June in closed beta,” said one of the sources requesting anonymity.
PublicVibe has been downloaded over 5.4 million times, according to Sensor Tower data, while its competitor Public has over 135 million downloads.
Inshorts started Public in August 2020 and raised $ 60 million from Vy Capital and other existing investors, including Lee Fixel’s addition on the field.
Dailyhunt has declined to comment, including any disapproval, at the time of posting.
Dailyhunt’s parent company has raised $ 450 million in its Series I round, jointly led by Siguler Guff, Baillie Gifford and Carlyle Asia Partners. While the company didn’t release its valuation in the last round, it was roughly estimated at over $ 2 billion, according to sources.