VerSe Innovation Private Limited
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VerSe Innovation Private Limited - overview
Established
2007
Location
Bangalore, Karnataka, India
Primary Industry
Media
About
Based in Karnataka, India, and founded in 2007, VerSe Innovation Private Ltd. , operates as a provider of Dailyhunt, and Newshunt and is a provider of news and digital content. Dailyhunt was launched as Newshunt by former Nokia executives Umesh Kulkarni and Chandrashekhar Sohoni and subsequently sold to Verse Innovation in 2012. In February 2024, VerSe Innovation raised INR 500 million in venture debt funding from Alteria Capital.
The mobile application uses a proprietary algorithm to deliver personalized news content. Dailyhunt offers news articles and other digital content in 15 languages. The application uses machine learning and deep learning technologies which enables personalized content to be delivered to users based on their consumption preferences. The company generates its revenue by offering its mobile application on a subscription basis to consumers.
The company plans to use its February 2024 funding to boost its growth and expansion plans.
Current Investors
Matrix Partners, Hong Shan, Omidyar Network
Primary Industry
Media
Sub Industries
Content Management Software, Newspapers, Magazines & News Organizations, Digital Media
Website
www.verse.in/
Verticals
Artificial Intelligence, Mobile Apps, Social Media
Company Stage
Mature
Total Amount Raised
Subscriber access only
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