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VerSe Innovation Reviews

Bengaluru, Karnataka

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VerSe Innovation Private Limited, headquartered in Bengaluru, Karnataka, is a premier Indian content technology platform and the country's first tech unicorn dedicated to local languages. Founded in 2007 by Virendra Gupta, Shailendra Sharma, and later joined by co-founder Umang Bedi, the company has evolved from a B2B value-added service provider for telecom operators into a consumer-facing digital powerhouse. Its mission is to bridge the urban-rural digital divide by empowering creative expression and communication through accessible technology, making digital content valuable for users across both urban and rural India. The company's core operations are powered by a proprietary technology platform that utilizes artificial intelligence, deep learning, and machine learning to deliver personalized content experiences. VerSe Innovation manages a portfolio of highly successful applications, most notably Dailyhunt and Josh. Dailyhunt, originally acquired as Newshunt in 2011, is one of India's largest local language content discovery platforms, serving over 350 million monthly active users with news and digital content in 15 languages. Josh, launched in 2020 following the ban of TikTok in India, quickly became the nation's leading short video app, boasting over 150 million monthly active users and a creator base of over 50 million. Additionally, the company operates PublicVibe, a hyperlocal video platform. Technological innovation remains central to VerSe’s strategy. The company recently launched NexVerse.ai, an AI-driven AdTech engine designed to enhance advertising efficiency and brand outcomes across its platforms. It also introduced Dailyhunt Premium, a subscription service in partnership with Magzter, to diversify its revenue streams. Revenue is primarily generated through digital advertising and strategic business partnerships. For the fiscal year ending March 31, 2025, VerSe Innovation reported a revenue of INR 2,070 crore, reflecting a compounded annual growth rate of 64% over the previous year. Despite a more conservative revenue approach in FY24 as it prepares for a potential IPO, the company has successfully reduced its EBITDA burn. VerSe Innovation has secured significant financial backing, raising over $1.5 billion from prominent global investors, including the Canada Pension Plan Investment Board (CPP Investments), Ontario Teachers' Pension Plan, Matrix Partners, and Sequoia Capital. As of April 2022, the company reached a valuation of approximately $5 billion. Under the leadership of CEO Virendra Gupta and Co-founder Umang Bedi, the company continues to expand its offerings into e-commerce and live streaming. With a workforce of approximately 686 employees as of April 2025, VerSe Innovation is strategically positioned to lead the next phase of India’s digital content evolution, focusing on sustainable growth and the "next billion" regional users.