Dailyhunt

Company has acquired a majority stake in Valueleaf, is expecting a revenue increase of $100 mn

The deal could be finalised 'within weeks' and involves a share-swap agreement, a report released on Wednesday suggested

As companies seek to impress people in all parts of the country, there is a demand for expertise in local dialogue

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.

GolBol's entire team including co-founders will join VerSe to help accelerate the work being done to modernize and multiply the impact of Josh

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 vernacular platform's parent VerSe has become a unicorn after over $100 mn funding from Google, Microsoft and others

Business Standard bring you top news of the evening

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

Front runners insurance stocks have seen higher Investor Interest

Bengaluru-based Dailyhunt said the acquisition underscores its aggressive strategy of attracting new users