VerSe Innovation raises over $450 mn funding from Siguler Guff, others

New Delhi: VerSe Innovation, which owns platforms like Dailyhunt and Josh, on Thursday said it has raised and signed definitive agreements for over USD 450 million (about Rs 3,341.1 crore) funding from Siguler Guff, Baillie Gifford, affiliates of Carlyle Asia Partners Growth II and others. The series I funding also saw existing investors – Sofina Group, Qatar Investment Authority and BCap – also participating north of their pro-rata in this round, a statement said.

This has resulted in VerSe Innovation more than doubling its valuation from its prior round five months ago, it said but did not specify details.

Reports had suggested VerSe Innovation’s valuation stood at about USD 1.1 billion after the February fund raise.