VerSe Innovation, the parent company of Dailyhunt and short-form video platform Josh, has laid off nearly 150 employees in a bid to 'streamline' its costs and teams
VerSe Innovation, which was recently valued at $5 billion in a funding round, has rolled out the offering of its content platform Dailyhunt in the Middle East countries
From creating local language content ecosystem and interactive platforms on smart TVs to helping people shop via video commerce, Indian content offers huge opportunities for tech and e-commerce firms
VerSe Innovation has raised $805 mn in a funding round led by Canada's top pension fund, putting a $5 billion valuation on the Google-backed parent of video app Josh and news aggregator Dailyhunt.
Umang Bedi's firm VerSe capitalised on the ban on Chinese apps by launching 'Josh', which claims to have over 77 million monthly active users, 36 million daily users ad 1.5 billion video plays a day
From centre issuing Rs 5,500 cr worth of zero-coupon bonds for P&SB recapitalisation to Anil Ambani's Reliance Capital getting 10 more bids for subsidiaries, here are top headlines this morning
The new funding comes at a time when VerSe Innovation is expanding its family of apps through its leading short video platform Josh, which is available in 12 local languages
Cofounders Umang Bedi & Viru Gupta roll out short video app Josh with several others in pipeline, aim to become the largest local language platform in India by FY25
