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 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

Grenada minister tells UN: hurricane-devastated Islands need anything for `a human being to survive'

Grenada minister tells UN: hurricane-devastated Islands need anything for `a human being to survive'

The minister for the two islands in Grenada that Hurricane Beryl first slammed into with catastrophic winds had a simple message for U_N_ and other humanitarian officials who asked what was needed: “Anything that would allow a human being to survive.”

The Independent UK

Joe Biden: key takeaways from the high-stakes ABC TV interview

Joe Biden: key takeaways from the high-stakes ABC TV interview

The president blamed his debate performance on a bad cold, said he was in fine cognitive shape, and doubled down on staying in the race

The Guardian - US

Biden says only ‘the Lord almighty’ could make him drop out in pivotal TV interview

Biden says only ‘the Lord almighty’ could make him drop out in pivotal TV interview

In appearance aimed at quelling nascent rebellion among Democrats, Biden made no big gaffes, but reviews are mixed

The Guardian - US

4th person catches bird flu from cows, this time in Colorado

4th person catches bird flu from cows, this time in Colorado

A fourth person in the U.S. has caught bird flu after working with infected cows on a farm.

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

Already a member? Sign in here

Donald Trump attempting to claim to ‘know nothing’ about Project 2025

Donald Trump attempting to claim to ‘know nothing’ about Project 2025

Critics point out political roadmap for a potential second term created by ‘more than 20 officials Trump appointed’

The Guardian - US

Hurricane Beryl is likely to hit the Texas coast Monday. Exactly where remains uncertain.

Hurricane Beryl is likely to hit the Texas coast Monday. Exactly where remains uncertain.

The first-ever storm to reach Category 4 in June weakened to a tropical storm after passing over Mexico’s Yucatan Peninsula. It’s expected to reach the Texas coast as a hurricane, forecasters said.

The Texas Tribune

Related Stories

Top stories on inkl right now

Grenada minister tells UN: hurricane-devastated Islands need anything for `a human being to survive'

Grenada minister tells UN: hurricane-devastated Islands need anything for `a human being to survive'

The minister for the two islands in Grenada that Hurricane Beryl first slammed into with catastrophic winds had a simple message for U_N_ and other humanitarian officials who asked what was needed: “Anything that would allow a human being to survive.”

The Independent UK

Joe Biden: key takeaways from the high-stakes ABC TV interview

Joe Biden: key takeaways from the high-stakes ABC TV interview

The president blamed his debate performance on a bad cold, said he was in fine cognitive shape, and doubled down on staying in the race

The Guardian - US

Biden says only ‘the Lord almighty’ could make him drop out in pivotal TV interview

Biden says only ‘the Lord almighty’ could make him drop out in pivotal TV interview

In appearance aimed at quelling nascent rebellion among Democrats, Biden made no big gaffes, but reviews are mixed

The Guardian - US

4th person catches bird flu from cows, this time in Colorado

4th person catches bird flu from cows, this time in Colorado

A fourth person in the U.S. has caught bird flu after working with infected cows on a farm.

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

Already a member? Sign in here

Donald Trump attempting to claim to ‘know nothing’ about Project 2025

Donald Trump attempting to claim to ‘know nothing’ about Project 2025

Critics point out political roadmap for a potential second term created by ‘more than 20 officials Trump appointed’

The Guardian - US

Hurricane Beryl is likely to hit the Texas coast Monday. Exactly where remains uncertain.

Hurricane Beryl is likely to hit the Texas coast Monday. Exactly where remains uncertain.

The first-ever storm to reach Category 4 in June weakened to a tropical storm after passing over Mexico’s Yucatan Peninsula. It’s expected to reach the Texas coast as a hurricane, forecasters said.

The Texas Tribune

Our Picks

Marvel Snap's new Deadpool trailer accidentally included a phone number leading to a fishy 'free medical alert device' promotion that I'm pretty sure is a scam

'No fireworks on ISS,' so astronauts experiment with 'light painting' instead (photos)

Eerie new ISS photos appear to show a ghost in the machine during Independence Day. NASA astronaut Matthew Dominick and others did 'light painting' with the U.S. flag in the background.

Smoky Mountains tourists caught on camera feeding bears from lodge balcony

Police and the owner of the lodge have been informed

Drake was at Michael Rubin’s all-white 4th of July party when Kendrick Lamar ruined his day with the ‘Not Like Us’ video

Kendrick Lamar is diabolical

USA Today Sports Media Group

Jennifer Lopez Goes Countryside Chic in the Hamptons Wearing $195 Flip Flops and a $6,400 Dior Bag

Her outfit for a holiday in the Hamptons is pure countryside chic.

Rapidly spinning 'extreme' neutron star discovered by US Navy research intern

A Navy research team intern is part of a group of astronomers who have discovered a rapidly spinning neutron star, or "pulsar," in a dense cluster of stars around 10 light-years away.

Fourteen days free

Download the app

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

Download on the AppStore

Get it on Google Play