Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Technology

Anusuya Lahiri

Google Backed VerSe Commands $5B Valuation After Latest Funding Round: Reuters

Google Verse Nasdaq India Alphabet Inc Canada Pension Plan Investment Board Dailyhunt Meta VerSe Innovation Canada

India's VerSe Innovation has raised $805 million in a funding round led by Canada's top pension fund.
The funding has put a $5 billion valuation on the Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google-backed parent of short-video app Josh and news aggregator Dailyhunt, Reuters reports.
Josh, which has more than 150 million monthly active users, competes in India with local rival Moj and Meta Platforms Inc's (NASDAQ:FB) Instagram Reels.
VerSe expects the investment to strengthen the AI-powered local language content platform across its family of apps, targeting India's subsequent billion internet users.
The report noted that Canada Pension Plan Investment Board, Ontario Teachers' Pension Plan Board, Luxor Capital, and Sumeru Ventures participated in the funding round.
Price Action: GOOG shares closed lower by 1.8% at $2,821.26 on Tuesday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Chinese man charged with acting as Beijing agent in local California election

Chinese man charged with acting as Beijing agent in local California election

Authorities arrest Yaoning Sun for allegedly working for Chinese government while trying to get politician elected

The Guardian - US

Slovak PM Fico's Pro-Russia Stance Amid Ukraine Conflict

Slovak PM Fico's Pro-Russia Stance Amid Ukraine Conflict

Slovakia's PM Fico's visit to Moscow and divergent stance on Ukraine crisis in contrast to EU leaders. Putin hailed Russian troops in Ukraine as 'heroes' a...

Louisiana often holds inmates past their release date, DOJ lawsuit claims

Louisiana often holds inmates past their release date, DOJ lawsuit claims

Louisiana’s prison system routinely holds people weeks and months after they have completed their sentences

The Independent UK

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Absent Republican congresswoman living in memory care facility – report

Absent Republican congresswoman living in memory care facility – report

Family of Kay Granger of Texas says she has ‘dementia issues’, which reportedly was not disclosed to the public

The Guardian - US

‘A serious disease’: Congress weighs federal gambling crackdown amid growing concerns

‘A serious disease’: Congress weighs federal gambling crackdown amid growing concerns

With sports betting now legal in 38 states, experts worry that gambling addiction is also growing

The Guardian - US

Related Stories

Top stories on inkl right now

Chinese man charged with acting as Beijing agent in local California election

Chinese man charged with acting as Beijing agent in local California election

Authorities arrest Yaoning Sun for allegedly working for Chinese government while trying to get politician elected

The Guardian - US

Slovak PM Fico's Pro-Russia Stance Amid Ukraine Conflict

Slovak PM Fico's Pro-Russia Stance Amid Ukraine Conflict

Slovakia's PM Fico's visit to Moscow and divergent stance on Ukraine crisis in contrast to EU leaders. Putin hailed Russian troops in Ukraine as 'heroes' a...

Louisiana often holds inmates past their release date, DOJ lawsuit claims

Louisiana often holds inmates past their release date, DOJ lawsuit claims

Louisiana’s prison system routinely holds people weeks and months after they have completed their sentences

The Independent UK

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Absent Republican congresswoman living in memory care facility – report

Absent Republican congresswoman living in memory care facility – report

Family of Kay Granger of Texas says she has ‘dementia issues’, which reportedly was not disclosed to the public

The Guardian - US

‘A serious disease’: Congress weighs federal gambling crackdown amid growing concerns

‘A serious disease’: Congress weighs federal gambling crackdown amid growing concerns

With sports betting now legal in 38 states, experts worry that gambling addiction is also growing

The Guardian - US

Our Picks

Messiness & the allure of Fleetwood Mac

A new book about Fleetwood Mac covers the dramatic soap opera — and the songs that made the band legends

Martha Stewart's top-drawer storage method 'enables you to get dressed faster' – her decade-old lessons are just as impactful in modern bedrooms

Archival footage shows Stewart's cabinet storage solutions have no expiry date – we're sure her lessons will continue to work years from now

Homes & Gardens

You can bet on anything. Should you?

Here are the risks involved when playing in America's growing casino

SNL’s star-studded cold open called the ‘best in the history of the show’

The sketch featured celebrities who have all hosted the show five times

The Independent UK

“Crowds would get agitated as soon as they heard Slash’s intro riff”: Duff McKagan on the making of a Guns N’ Roses classic

How a song about the “hardscrabble lives” of the fledgling rockers became a timeless rock anthem

'Stranger Things' cast pens emotional notes after final season production wraps

Netflix recently announced that the production of Stranger Things season five has officially wrapped. Read further on Dynamite News:

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play