VerSe Innovation, a leading local-language technology and AI-driven platform in India, reported an 88% year-on-year growth in consolidated revenue for FY25, reaching INR 1,930 crore. The company also... reduced its EBITDA burn by 20%, aiming for profitability by H2 FY26. Key growth drivers include AI-led monetization and strategic acquisitions.
Prasanna Prasad joins VerSe Innovation as CPTO to accelerate AI strategy
Prasanna Prasad has been appointed as the Chief Product and Technology Officer at VerSe Innovation to enhance its AI strategy. He will lead engineering, product, and data science functions, focusing ...on AI-driven innovation across platforms like Dailyhunt and Josh. Prasad's role aims to improve content relevance, user engagement, and monetization through advanced AI capabilities.
VerSe Innovation has appointed Prasanna Prasad as Chief Product and Technology Officer to enhance AI-driven product innovation. Prasad will lead engineering, product, and data science teams to accele...rate AI-led innovation across VerSe's platforms, including Dailyhunt and Josh. His focus will be on building a unified intelligence layer, improving personalization, and advancing advertising technology for better brand outcomes.
VerSe Innovation names PR Ramesh as independent director, audit committee chair to bolster governance for next growth phase
VerSe Innovation has appointed PR Ramesh as an independent director and audit committee chair to enhance governance as the company prepares for its next growth phase.
Corporate News and Organizational Updates on Verse.io
VerSe Hits Reset: AI Pivot, Layoffs & A Shrinking Josh
VerSe Innovation is undergoing a strategic shift towards AI-driven adtech and subscription models amidst financial challenges and layoffs affecting 30% of its workforce. The company is pivoting its p...latforms, including Josh and DailyHunt, to integrate AI for content curation and monetization. Despite past successes, VerSe faces declining user engagement and revenue issues, with plans to enhance offerings like NexVerse.ai and Josh Audio Stories to revive growth.
