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VerSe's Valuation Slashed by 42% to $2.9B: Investor 360 One

  • Investor 360 One estimates VerSe's worth at $2.9B, down from $5B in April 2022
  • VerSe operates news aggregator Dailyhunt, backed by major investors like Ontario Teachers' Pension Plan
  • 360 One owns a 2% stake in VerSe, disclosed valuation in June update to investors
  • VerSe spokesperson claims business has grown exponentially since last funding round
  • Trend aligns with global investors marking down startup valuations, like Fidelity's cuts to X and Gupshup

Source: Techcrunch

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