About VerSe
VerSe is a company based in Bengaluru (India) founded in 2007 by Umang Bedi and Virendra Gupta.. VerSe has raised $2.02 billion across 18 funding rounds from investors including Microsoft, Google and India Infoline. The company has 779 employees as of April 01, 2025. VerSe has completed 4 acquisitions, including Eterno Infotech, GolBol and Magzter. VerSe offers products and services including Josh App, Creator Program, and Josh Studios. VerSe operates in a competitive market with competitors including Kuaishou Technology, YouTube, Toutiao, News Break and Dailymotion, among others.
- Headquarter Bengaluru, India
- Employees 779 as on 01 Apr, 2025
- Founders Umang Bedi, Virendra Gupta
- Stage Unicorn
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Sectors
Media & Entertainment
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Email
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Phone
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Website
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Social
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- Legal Name Ver Se Innovation Private Limited
- Date of Incorporation 13 Apr, 2007
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$217.45 M (USD)57.13as on Mar 31, 2023
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Net Profit
$-229.61 M (USD)25.5as on Mar 31, 2023
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EBITDA
$55.77 M (USD)10183.48as on Mar 31, 2023
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Total Equity Funding
$2.02 B (USD)
in 18 rounds
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Latest Funding Round
$6.02 M (USD), Debt – Conventional
Feb 07, 2024
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Investors
Microsoft
& 44 more
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Employee Count
779
as on Apr 01, 2025
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Investments & Acquisitions
Eterno Infotech
& 3 more
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Products & Services of VerSe
VerSe offers a comprehensive portfolio of products and services, including Josh App, Creator Program, and Josh Studios. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for creating and viewing short videos in local languages
Initiative to help creators produce and monetize videos
Program for hosting events and building creator communities
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Funding Insights of VerSe
VerSe has successfully raised a total of $2.02B across 18 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $6.02 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 18
- Last Round Debt – Conventional — $6.0M
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First Round
First Round
(22 Oct 2007)
- Investors Count 45
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Debt – Conventional - VerSe | Valuation |
investors |
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| Apr, 2022 | Amount | Series J - VerSe | Valuation | CPP Investments | |
| Jan, 2022 | Amount | Series I - VerSe | Valuation | CPP Investments |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in VerSe
VerSe has secured backing from 45 investors, including venture fund and institutional investors. Prominent investors backing the company include Microsoft, Google and India Infoline. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture debt funding and structured finance for innovative startups in India.
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Founded Year | Domain | Location | |
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Venture capital investments are provided by Sofina to emerging companies.
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Founded Year | Domain | Location | |
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Early-stage to growth-stage tech startups from emerging markets are funded.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by VerSe
VerSe has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Eterno Infotech, GolBol and Magzter. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Social networking application for photos sharing
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2018 | ||||
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Digital magazines and newspapers are distributed via an online platform.
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2011 | ||||
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Social media marketing and SEO services are provided by Valueleaf.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - VerSe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Verse Comparisons
Competitors of VerSe
VerSe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kuaishou Technology, YouTube, Toutiao, News Break and Dailymotion, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Social platform for sharing short videos
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| domain | founded_year | HQ Location |
User-generated videos and content are shared and streamed online.
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| domain | founded_year | HQ Location |
Personalized news aggregator app
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| domain | founded_year | HQ Location |
Multi-category news is aggregated online by News Break.
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| domain | founded_year | HQ Location |
Web and mobile video sharing and streaming platform
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| domain | founded_year | HQ Location |
Media content is shared on an app-based social network platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Verse
Frequently Asked Questions about VerSe
When was VerSe founded?
VerSe was founded in 2007.
Where is VerSe located?
VerSe is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is VerSe a funded company?
VerSe is a funded company, having raised a total of $2.02B across 18 funding rounds to date. The company's 1st funding round was a Series I of $243.52M, raised on Oct 22, 2007.
How many employees does VerSe have?
As of Apr 01, 2025, the latest employee count at VerSe is 779.
What is the annual revenue of VerSe?
Annual revenue of VerSe is $217.45M as on Mar 31, 2023.
What does VerSe do?
VerSe was founded in 2007 in Bengaluru, India, within the digital media and technology sector. A short-video platform is operated to enable content consumption in local languages, alongside a creator program that supports influencer growth. Technology infrastructure is provided to serve a substantial user base, with associated applications and services maintained for enhanced functionality.
Who are the top competitors of VerSe?
VerSe's top competitors include Kuaishou Technology, YouTube and DailyHunt.
What products or services does VerSe offer?
VerSe offers Josh App, Creator Program, and Josh Studios.
How many acquisitions has VerSe made?
VerSe has made 4 acquisitions, including Eterno Infotech, GolBol, and Magzter.
Who are VerSe's investors?
VerSe has 45 investors. Key investors include Microsoft, Google, India Infoline, IIFL Finance, and Goldman Sachs.
What is VerSe's valuation?
The valuation of VerSe is $5B as of Apr 2022.
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