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Dailyhunt parent VerSe bets on AI-driven turnaround
Mint Chennai
|March 27, 2025
VerSe Innovation, the parent of news aggregator Dailyhunt and short-video app Josh, expects to break even in the next three to four months and turn profitable in FY26 after reducing losses and improving cost efficiency, co-founder Umang Bedi told Mint in an interview.
"The primary focus is to break even in the next few months," Bedi said. "Although Dailyhunt broke even on a standalone basis two years ago, we were still burning money for other verticals. I think FY24 was pivotal in reducing our burn drastically despite flattish revenue growth."
Bedi said the company expects more than 75% revenue growth in FY25 and aims to reduce burn by 30-40%.
This story is from the March 27, 2025 edition of Mint Chennai.
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