CosmicTaco

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

CosmicTaco · 2024-08-31T15:19:22.327443+05:30

- 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](https://techcrunch.com/2024/08/30/dailyhunt-parent-verses-valuation-gets-slashed-42-to-2-9b-investor-note/)

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

11mo ago