VerSe Innovation's Implied Value Falls to About $576 Million
The Schiehallion Fund, run by Baillie Gifford, valued its 1.3% stake in the Dailyhunt parent at $7.47 million.
Key Takeaways
- The Schiehallion Fund valued its 1.3% stake in VerSe Innovation at $7.47 million.
- The value is as of August 31, 2026.
- It implies a valuation of about $576 million for the company.
- That is nearly 90% below the $5 billion valuation reported in 2022.
- It is an implied valuation, not a new funding round.
VerSe Innovation, the parent company of Dailyhunt and Josh, has an implied valuation of about $576 million, based on how the Schiehallion Fund valued its stake. The fund is run by Baillie Gifford. The figure is nearly 90% below the $5 billion valuation reported for the company in 2022.
The Schiehallion Fund valued its 1.3% stake in VerSe Innovation at $7.47 million as of August 31, 2026. Extending that value to the whole company gives the figure of about $576 million. It is an implied valuation from one investor's assessment of its stake, not a new funding round.
VerSe Innovation implied valuation at a glance
| Detail | VerSe Innovation |
|---|---|
| Investor | The Schiehallion Fund (Baillie Gifford) |
| Stake held | 1.3% |
| Value of the stake | $7.47 million as of August 31, 2026 |
| Implied company valuation | About $576 million |
| Valuation reported in 2022 | $5 billion |
| Fall from 2022 level | Nearly 90% |
| Headquarters | Bengaluru |
What VerSe Innovation owns
VerSe Innovation is a Bengaluru-based company that owns Dailyhunt and the short-video app Josh.
For FY25, it reported operating revenue of Rs 1,930 crore, up 88%. Its EBITDA burn, excluding non-cash expenses, narrowed 20% to Rs 738 crore.
How the valuation of VerSe Innovation has moved since 2022
| When | What happened |
|---|---|
| April 2022 | VerSe Innovation raised $805 million at a reported valuation of $5 billion |
| 2024 | Investor 360 One valued the company at about $2.9 billion, an estimate VerSe Innovation disputed |
| August 31, 2026 | The Schiehallion Fund valued its 1.3% stake at $7.47 million, implying about $576 million for the company |
Where VerSe Innovation's valuation stands now
VerSe Innovation's reported value has gone from $5 billion in April 2022, to about $2.9 billion in a 2024 estimate by 360 One that the company disputed, to an implied about $576 million as of August 31, 2026. The latest figure comes from one investor's view of its 1.3% stake, not a new funding round. On the business side, VerSe reported FY25 operating revenue of Rs 1,930 crore, up 88%, while its EBITDA burn narrowed 20% to Rs 738 crore.
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Frequently Asked Questions
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