VerSe Innovation has recently raised ~730 Crores from AplhaWave, Google and Microsoft and attain a coveted status of Unicorn. Unicorn is the name given to the startups which has reached a valuation of $1Billion dollar. What is VerSe do? VerSe is the parent company of Daily Hunt. Dailyhunt, is an Indian content and news aggregator application based in Bangalore, India that provides local language content in 14 Indian languages from multiple content providers. It basically act as an aggregator of news from different news channels across different states. VerSe was started in the year 2007 as a Value Added Services, which in 2011 had acquired NewsHunt and subsequently, renamed the company to Daily Hunt in 2015. Dailyhunt has built data integrations with over 100,000 publishers and people who are giving them a content. On the performance side, they have 250 advertisers with whom they have full-funnel data integration by which they can track the user and do retargeting. And which is why Dailyhunt is the third largest by revenue in terms of a single destination after Google and Facebook in the country. Funding Details 1. In 2014, Dailyhunt raised its Series B funding of 10 Crores from Sequoia Capital India. 2. In 2015, Dailyhunt raised its series C funding round of 280 Crores from Falcon Capital. 3. In 2016, Dailyhunt raised its Series D funding of 175 Crores from ByteDance, owner of TikTok. 4. In 2018, Dailyhunt raised its Series E funding of 44 Crores from Falcon Edge Capital. 5. In 2020, Dailyhunt raised close to 738 Crores from Falcon Edge Capital, Google and Microsoft. How is the Josh? Josh is the short-video app of Dailyhunt which has launched recently after the banning of Tik-Tok. We have seen how Dailyhunt has aggressively advertise the Josh App during the IPL season, shows the commitment of company in capturing the market. In the short-video app, company receives competition of Chingari, Mitron, Moj and Roposo. As per Umang Bedi, " the response to Josh has been magical. Literally in 45 days we have become the top rated app with 50 million downloads and 23 million people coming to the app every day and spending 21 minutes. It has a billion video plays a day and 5 million people creating content. " Revenue? As on 2018-19, the Company has revenue close to 350 Crores which mainly comes from advertisement.