Regardless of the Covid-19 pandemic, the year 2020 saw a record number of 11 startups from India join the coveted unicorn club. Among them is VerSe Innovation, but the company stands out from the rest for several reasons. To start with, VerSe is home to multiple businesses. The parent company of the news aggregation platform Dailyhunt focusses on vernacular content, and hence, appeals most to non-English-speaking readers. It has recently launched a short-video platform called Josh. And lastly, there is Greynium Technologies, which runs around 10 content platforms such as Oneindia, Gizbot, Boldsky.com and CareerIndia.
Until now, the Dailyhunt group has raised a total of $320 Mn in funding across 14 rounds. However, 2020 turned out to be a landslide year. The group raised around $73 Mn, led by Falcon Edge Capital, Lupa Systems and B Capital Group, followed by a $100 Mn funding round from global investors AlphaWave (a unit of Falcon Edge Capital), Google and Microsoft. Existing…
