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Verse Innovation
3.6
based on 248 Reviews
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Company Overview
Company Locations
Working at Verse Innovation
Company Summary
Dailyhunt is India is a news and local language content application with over 160 Million app installs offering 100,000 news articles in 14 languages
Overall Rating
3.6/5
based on 248 reviews
3% below
industry average
Highly rated for
Work-life balance
Critically rated for
Promotions, Job security, Skill development
Work Policy
Hybrid
58% employees reported
Monday to Friday
75% employees reported
Flexible timing
77% employees reported
No travel
64% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
15 employees reported
Cafeteria
13 employees reported
Job/Soft skill training
5 employees reported
Child care facility
3 employees reported
View all benefits
About Verse Innovation
Founded in2007 (18 yrs old)
India Employee Count501-1k
Global Employee Count501-1k
India HeadquartersBangalore/Bengaluru, Karnataka, India
Office Locations
--
Websitedailyhunt.com
Primary Industry
Other Industries
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Dailyhunt was founded by Virendra Gupta, an IIT Bombay alumnus, in 2007. A pioneer in recognizing the growing importance of consumer-facing internet business, Virendra helmed the pivoting of the organization from a VAS ecosystem to the content and entertainment domain. Today, Dailyhunt is India’s #1 local language content application offering digital content every day in 14 languages . We are headquartered in Bengaluru, with offices in Delhi, Mumbai and teams across multiple towns and cities in India.
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Verse Innovation Ratings
based on 248 reviews
Overall Rating
3.6/5
How AmbitionBox ratings work?
5
85
4
62
3
47
2
22
1
32
Category Ratings
4.0
Work-life balance
3.6
Salary
3.5
Company culture
3.3
Work satisfaction
3.2
Skill development
3.0
Job security
2.9
Promotions
Verse Innovation is rated 3.6 out of 5 stars on AmbitionBox, based on 248 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Verse Innovation
based on 233 reviews
3.7
Rated by 67 Women
Rated 4.0 for Work-life balance and 3.3 for Salary
3.6
Rated by 166 Men
Rated 4.0 for Work-life balance and 3.8 for Salary
Work Policy at Verse Innovation
based on 41 reviews in last 6 months
Hybrid
58%
Work from office
27%
Permanent work from home
15%
Verse Innovation Reviews
Top mentions in Verse Innovation Reviews
+ 5 more
Compare Verse Innovation with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.6/5 based on 248 reviews | 3.1/5 based on 525 reviews | 4.2/5 based on 1.5k reviews | 3.7/5 based on 579 reviews |
Highly Rated for | Work-life balance |  No highly rated category | Skill development Work-life balance Salary | No highly rated category |
Critically Rated for | Promotions Job security Skill development | Job security Promotions Work satisfaction |  No critically rated category | Promotions Job security |
Primary Work Policy | Hybrid 58% employees reported | Work from office 72% employees reported | Permanent work from home 36% employees reported | Work from office 76% employees reported |
Rating by Women Employees | 3.7 Good rated by 67 women | 3.2 Average rated by 137 women | 4.5 Good rated by 647 women | 3.9 Good rated by 104 women |
Rating by Men Employees | 3.6 Good rated by 166 men | 3.1 Average rated by 341 men | 3.9 Good rated by 794 men | 3.7 Good rated by 449 men |
Job security | 3.0 Average | 2.4 Poor | 4.0 Good | 3.1 Average |
View more
Verse Innovation Salaries
Verse Innovation salaries have received with an average score of 3.6 out of 5 by 248 employees.
Desktop Support Engineer
(47 salaries)
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₹1.4 L/yr - ₹1.9 L/yr
Senior Software Engineer
(43 salaries)
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₹21 L/yr - ₹35.1 L/yr
Software Engineer
(42 salaries)
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₹12.5 L/yr - ₹23 L/yr
Community Manager
(34 salaries)
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₹4.4 L/yr - ₹9.6 L/yr
Accounts Manager
(34 salaries)
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₹6.4 L/yr - ₹14.1 L/yr
Senior Associate
(31 salaries)
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₹3.1 L/yr - ₹7 L/yr
Service Desk Engineer
(22 salaries)
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₹1.4 L/yr - ₹1.8 L/yr
Associate Product Manager
(19 salaries)
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₹11.3 L/yr - ₹19.5 L/yr
Graphic Designer
(18 salaries)
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₹3.4 L/yr - ₹7 L/yr
Machine Learning Engineer
(16 salaries)
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₹16.2 L/yr - ₹29.1 L/yr
Verse Innovation Interview Questions
Verse Innovation News
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Behind The Collapse Of Builder.ai, Cost Of 12-Hour Workday & More
- Builder.ai, once backed by giants like Microsoft and QIA, is now grappling with insolvency amid allegations of tech faking and fund round-tripping.
- With weak internal controls and tech lapses, the company faced a creditor's accusations of breaching loan covenants, resulting in layoffs and a mere $5 Mn in funds.
- Builder.ai's downfall began with an AI illusion upheld by non-payroll engineers, leading to client exodus due to subpar software and late deliveries.
- Revenue inflation and mismanagement are evident with adjusted revenue figures being drastically reduced for FY23 and FY24.
- Accusations of faked billing to companies like Josh and DailyHunt parent VerSe Innovations have put Builder.ai under US regulators' scrutiny.
- The article also covers BluSmart's app shutdown, Karnataka's proposal of 12-hour workdays, Meesho's board reorganization, funding rounds for GoKwik and Fabheads, and Darwinbox's ESOP buyback.
- India's progress in AI with over 17,300 GPUs installed is highlighted, along with industry updates like Mirae Ventures' CEO reshuffle.
- The article also features a startup spotlight on ParvAI Labs, focusing on vision intelligence technology for industries like aviation, defence, and logistics.
- ParvAI leverages AI for eye-tracking tech to monitor fatigue, attention, and engagement in humans, aiming to enhance safety and decision-making in critical sectors.
- Usage examples of ParvAI's solutions include DRDO, Pfizer, BARC, FedEx, and ISRO, with plans to tap into India's growing AI market.
- The article delves into the potential of ParvAI's tech stack in reducing errors and optimizing workflows across various industries.
Inc42 | 25 Jun, 2025
The Missing AI In Builder.ai: How Microsoft Backed Unicorn Blew $450 Mn
- Builder.ai, formerly Engineer.ai, has faced insolvency proceedings amid allegations of faking AI tech and revenue inflation.
- Accusations include using human workers instead of AI in their platform and inflating revenue to attract investors.
- The company's relationship with DailyHunt owner VerSe Innovations has been scrutinized, leading to corporate governance issues.
- Builder.ai's downfall was attributed to weak internal controls despite raising significant funds from investors like Microsoft.
- The company misreported revenue and faced debt issues, with lenders seizing funds and causing mass layoffs.
- Builder.ai's use of AI has been questioned, with claims that it heavily relied on human workers and misrepresented its technology capabilities.
- Allegations of revenue inflation, roundtripping funds, and billing practices have surfaced, impacting the company's credibility.
- Facing bankruptcy, liquidators may auction assets to settle debts owed to vendors, lenders, and investors, including Microsoft and Jungle Ventures.
- Employee layoffs, an ongoing ED probe against the former CEO, and impending dissolution signal a grim future for Builder.ai.
- The company's collapse serves as a cautionary tale about the pitfalls of the AI hype and its repercussions on the India AI ecosystem.
Inc42 | 25 Jun, 2025
700 Engineers – Not AI – Developed Code at $1.5B Disruptor Filing Bankruptcy
- Builder.ai, once valued at $1.5 billion, is entering insolvency proceedings after admitting inability to recover from challenges and past decisions.
- Despite advertising AI-powered app development tools, it was revealed that about 700 human engineers actually wrote the code.
- The company inflated its revenue projections by 300%, with actual sales closer to $50 million instead of $220 million as claimed.
- Viola Credit seized $37 million from Builder.ai's accounts, leading to financial troubles and layoffs of nearly 1,000 employees.
- Suspicious transactions with Indian firm VerSe Innovation and allegations of 'round-tripping' to inflate revenue have surfaced.
- VerSe Innovation denies colluding with Builder.ai, stating all payments were legitimate.
- An audit of VerSe raised concerns over financial practices.
- Builder.ai faces federal scrutiny and owes Amazon $85 million and Microsoft $30 million in unpaid cloud computing services.
- Investors and high-profile backer Microsoft face potential losses as bankruptcy proceedings unfold.
- The downfall of Builder.ai highlights issues of 'AI washing' where companies exaggerate AI capabilities to attract funding.
- US prosecutors have ordered Builder.ai to submit financial statements and customer records for investigation.
- Microsoft, previously lauding Builder.ai, now risks significant losses due to the company's bankruptcy.
- Reports indicate a deeper collaboration between Microsoft and Builder.ai was fueled by Azure AI in the past.
- Builder.ai's story serves as a cautionary tale in the tech industry for misrepresentation and financial mismanagement.
- The company's downfall reflects broader challenges of misleading AI claims in the tech sector.
- The situation with Builder.ai raises ethical questions about AI transparency and accountability.
- The news underscores the importance of accurate financial reporting and ethical business practices in the technology sector.
Eweek | 13 Jun, 2025
VerSe Innovation Denies Allegations of Fake Biz Deals with Builder.ai
- London-based startup Builder.ai is facing allegations of faking business deals with Indian social media startup VerSe Innovation to inflate sales.
- VerSe Innovation denies all allegations and states that its recorded revenue from Builder.ai represents legitimate services rendered.
- Builder.ai allegedly used a 'round-tripping' tactic to inflate revenue figures presented to investors by billing VerSe Innovation for similar amounts without actual services.
- Builder.ai, founded in 2016, recently filed for bankruptcy after attracting major investors and reaching a peak valuation of $1.5 billion.
Analyticsindiamag | 5 Jun, 2025
DailyHunt And Builder.ai Parent Faked Business With Indian Firm VerSe To Inflate Sales, Sources Say
- Builder.ai, a startup that recently announced bankruptcy plans, allegedly faked business with VerSe Innovation in India to inflate sales figures, as per Bloomberg and sources.
- The two companies engaged in 'round-tripping,' billing each other for products and services that were not provided, misleading investors about revenue.
- VerSe co-founder Umang Bedi denied the allegations, stating his company does not inflate revenues, and services exchanged were verified.
- Builder.ai, valued at $1.5 billion, faced financial scrutiny and reportedly overstated sales, leading to creditor actions and a planned bankruptcy.
- Builder.ai collected $60 million from VerSe for services, and both companies exchanged funds, seemingly balancing invoices to avoid suspicion.
- Followed by discrepancies in sales reporting, Builder.ai's CEO Sachin Dev Duggal stepped down, and the company decided to enter insolvency.
- VerSe, known for Dailyhunt and Josh apps, raised substantial funds, faced internal control issues per Deloitte, and aims to break even by late 2025.
- Auditor concerns over VerSe's controls and CFO resignation ahead of an IPO highlighted potential challenges in the company's financial management.
- Builder.ai and VerSe's collaboration, investors like Microsoft, and plans for an IPO raise questions about governance and financial practices.
- Despite public interactions between Duggal and Bedi, including investments and events, they clarify a professional rather than a close personal relationship.
Bloomberg Quint | 1 Jun, 2025
VerSe Innovation allegedly billed Builder.ai without services; Indian company denies claims
- VerSe Innovation and Builder.ai allegedly billed each other without providing services, according to a Bloomberg report.
- Documents reviewed by Bloomberg showed that the two companies exchanged invoices for similar amounts between 2021 and 2024, with Builder.ai earning around $60 million from VerSe in four years.
- VerSe denied the allegations, stating that the invoiced amounts were for services rendered and received, including cloud services and advertising.
- Builder.ai, backed by Microsoft, filed for bankruptcy in May after overstating its sales, while VerSe faced criticisms from audit firm Deloitte for internal control weaknesses.
Economic Times | 31 May, 2025
Builder.ai-Dailyhunt fake sales: All you need to know about the “round-tripping” scandal
- Builder.ai, an AI startup filing for bankruptcy, allegedly faked transactions with VerSe Innovation to boost reported sales.
- Between 2021 and 2024, Builder.ai and VerSe exchanged invoices in 'round-tripping' to inflate revenue figures.
- VerSe cofounder dismissed allegations, while Deloitte flagged internal control issues in VerSe's financial operations.
- Builder.ai filed for bankruptcy after overstating projected sales, leading to job cuts at both companies.
Economic Times | 31 May, 2025
Indian Startup Layoff Tracker 2025
- Indian startups are focusing on profitability and using AI to streamline operations, leading to layoffs affecting over 3,600 employees in 2025.
- 67 out of 112 startups that released financial statements for FY24 posted a cumulative loss of INR 21,472 Cr.
- Major layoffs include those at Gupshup (500 employees), VerSe Innovation (350), Ola Electric (1,000), and Otipy (300).
- Startups like Zepto Cafe, GenWise, Zoplar, and CARS24 also laid off significant numbers of employees for various reasons.
- The layoffs were often attributed to restructuring, AI automation, cost-cutting, and operational efficiency measures.
- Despite layoffs, some startups like Otipy, VerSe Innovation, and Pocket FM showed efforts to navigate challenges and drive revenue growth.
- These layoffs have not only raised financial concerns but also impacted the mental well-being of the affected employees.
- Inc42 continues to track and compile data on Indian startups' layoffs, reflecting the ongoing shifts in the startup ecosystem.
- Indian startups are facing intensified competition, funding challenges, and the need to balance growth with sustainable operations.
- If you have updates on layoffs, pay cuts, or other developments in startups, you can share them with Inc42 at editor@inc42.com.
Inc42 | 24 May, 2025
VerSe Innovation to let go 350 employees; leverage AI
- VerSe Innovation is leveraging AI and automating processes to cut costs and increase profitability.
- The company is letting go of 350 employees this month as part of the transformation process.
- VerSe is investing significantly in AI and streamlining processes for long-term growth.
- Umang Bedi is the CEO of VerSe, which aims for revenue growth and plans for an IPO.
HRKatha | 19 May, 2025
Dailyhunt parent VerSe to lay off 350 employees this month in push for profitability
- VerSe Innovation, the parent company of Dailyhunt, is laying off 350 employees to accelerate investments in AI and enhance operational efficiency.
- The company aims to achieve profitability by the end of the current financial year through strategic transformations and workforce streamlining.
- These layoffs are part of a trend where content-led startups like ShareChat and Pocket FM have reduced their headcount to drive profitability.
- VerSe Innovation projects over 75% revenue growth in FY25 and aims to become profitable by the end of the fiscal year through operational efficiencies and focus on growth drivers.
Economic Times | 17 May, 2025
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• 67 reviews
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Verse Innovation FAQs
When was Verse Innovation founded?
Verse Innovation was founded in 2007. The company has been operating for 18 years primarily in the Internet sector.
Where is the Verse Innovation headquarters located?
Verse Innovation is headquartered in Bangalore/Bengaluru, Karnataka.
How many employees does Verse Innovation have in India?
Verse Innovation currently has approximately 700+ employees in India.
Does Verse Innovation have good work-life balance?
Verse Innovation has a work-life balance rating of 4.0 out of 5 based on 200+ employee reviews on AmbitionBox. 59% employees rated Verse Innovation 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read Verse Innovation work-life balance reviews for more details.
Is Verse Innovation good for career growth?
Career growth at Verse Innovation is rated as poor, with a promotions and appraisal rating of 2.9. 41% employees rated Verse Innovation 3 or below on promotions / appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading Verse Innovation promotions / appraisals reviews for more detailed insights.
What are the pros and cons of working in Verse Innovation?
Working at Verse Innovation comes with several advantages and disadvantages. It is highly rated for work life balance. However, it is poorly rated for promotions / appraisal, job security and skill development, based on 200+ employee reviews on AmbitionBox.
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