Tag : Hunt

    DailyHunt, Josh parent VerSe set to enable Indian creators for Web 3.0

    Sunil Aswal
    April11/ 2022

    New Delhi: Leading local language technology platform VerSe Innovation, the owner of DailyHunt and Josh, is all set to enter the world of Web 3.0 and enable local, vernacular content creators monetise in the realm of metaverse, non-fungible tokens (NFTs), Blockchain and more. Umang Bedi, Co-founder, VerSe Innovation, told IANS on Monday that in the next couple of weeks, the company, which now has a valuation of $5 billion after raising $805 million last week, will make a very detailed announcement in the Web 3.0 space. "With the Web 3.0 platform, we will further enable the creator ecosystem -- large, medium and small creators -- in India as another way to help them monetise. We are focused on helping creators make more money and help them grow across multiple genres," Bedi told IANS. The time, he stressed, has come for Indian companies to really be able to showcase and build globally relevant businesses. "I think there's a huge opportunity now to compete and create a new market in Web 3.0. This is the endeavour we are seeking and yearning but, of course, we don't have the proof points yet," Bedi noted. Hopefully a year down the line, once the platforms are launched, "we'll be able to say where we are on the journey", he added. Giving a much-needed boost to the Indian startup growth story, VerSe Innovation last week announced it has raised $805 million from global investors, taking its valuation to $5 billion. VerSe Innovation, which owns popular short-video platform Josh and local language content platform Dailyhunt, has raised $1.5 billion in the past year. The investment will be focused on strengthening its leadership position as the largest, fastest growing local language AI driven content platform in the country. Accordin ...

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