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VERSE INNOVATION FUNDING
Former Deloitte India chairman PR Ramesh joins VerSe Innovation as independent directorPR Ramesh, former Deloitte India chairman, has joined VerSe Innovation as an independent director and will chair its audit committee. He wi...- Builder.ai-Dailyhunt fake sales: All you need to know about the “round-tripping” scandalRound-tripping involves transferring money between companies without any genuine exchange of goods or services — the only aim being to infl...
- Builder.ai faked business with Indian firm VerSe to inflate sales: SourcesBuilder.ai, facing bankruptcy, allegedly inflated sales figures by engaging in "round-tripping" with VerSe Innovation, billing each other f...
- Dailyhunt parent VerSe to lay off 350 employees this month in push for profitabilityVerSe Innovation, parent of Dailyhunt and Josh, is laying off 350 employees to boost profitability and invest in AI-driven efficiencies. Th...
- Dailyhunt parent VerSe’s internal controls inadequate, says Deloitte auditDeloitte has flagged internal control deficiencies at VerSe Innovation that could potentially lead to material misstatements in aspects suc...
- DailyHunt parent VerSe acquires digital marketing solutions firm ValueleafVerSe Innovation, parent company of DailyHunt and short-video platform Josh, acquired digital marketing solutions company Valueleaf in a ca...
- Dailyhunt parent acquires Magzter, grows revenue from ads to subscriptionsHomegrown digital newsstand Magzter, founded in 2011 and offering a cross-platform, self-service experience, has been acquired by Dailyhunt...
- Microblogging site Koo in talks for acquisition by VerSe InnovationKoo’s cofounder Mayank Bidawakta stated in a LinkedIn post that the microblogging platform was in discussions with “multiple partners” for ...
- Koo says in talks for strategic partnership as Dailyhunt eyes acquisitionMayank Bidawakta announced on LinkedIn that Koo is in discussions for a strategic partnership with multiple partners. VerSe Innovation is i...
- Dailyhunt and Josh parent VerSe Innovation to lay off 150As part of a cost-cutting exercise, the company has also cut the salaries of employees earning more than Rs 10 lakh annually by 11%.
- Indian short-video apps see $19 billion monetisation opportunity by 2030: reportAt present, only 1% of the overall digital advertising spends accrue to short video apps, according to the report.
- Dailyhunt is going global by expanding into Middle East, North Africa marketsMedia executive Shekhar Iyer has been appointed director and general manager of VerSe Innovation, Middle East and North Africa (MENA).
- ShareChat parent raises $255 million from Google, Times Group, others; valuation jumps to $5 billionExisting backers like Temasek also participated in the latest round, which comes at a time when investors have become skittish amid a fundi...
- Tiktok parent Bytedance exits VerSe at 56% discount in secondary share saleByteDance, which first invested in VerSe Innovation in 2016, has sold its stake to the company’s existing investors– Ontario Teachers Pensi...
- Dailyhunt's parent VerSe Innovation raises $805 million led by CPPIB, valuation reaches $5 billionCPPIB has pumped $425 million investment contributing almost half of the total capital mopped up by VerSe Innovation which runs its flagshi...
- VerSe Innovation co-founder Umang Bedi buys plot in Bengaluru's EpsilonThe property jointly owned by Bedi and his wife was purchased earlier this month from two independent owners, spanning 11753 sq ft in a gat...
- ETtech Deals Digest: India minted three unicorns this weekTwo edtech startups and a cryptocurrency exchange entered the unicorn club this week.
- Dailyhunt parent gets $450 million in new funds as valuation doublesThe round, which is largely a primary fundraise, includes a small portion of secondary share sale where some early investors have partially...
- VerSe Innovation acquires photo, video sharing app VebblerVebbler’s acquisition will bring artificial intelligence-based neural art filters and other creative tools to Josh, the short-video app own...
- Dailyhunt's parent raises another $100 million from Qatar Investment Authority, othersThis fundraising comes on heels of VerSe Innovation landing more than $100 million financing from Google, Microsoft and Falcon Edge’s Alpha...
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