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Company Overview:

• VerSe Innovation operates a two-pronged business model focused on content consumption and short video entertainment, capitalizing on India's rapidly growing digital audience.
  
• VerSe Innovation's primary business model revolves around Dailyhunt, a news aggregator platform. Dailyhunt offers users access to a vast library of content in their preferred local language. This caters to the diverse linguistic landscape of India, where many users are not comfortable consuming content in English. 
  
• VerSe Innovation recognized the global trend of short-form video content popularized by platforms like TikTok. They capitalized on this by launching Josh, an app specifically designed for creating and sharing short videos in India. This early adoption positions them as a leader in the burgeoning Indian short-form video market.
• Josh app was launched immediately after the Indian Government banned TikTok and other Chinese apps in June 2020. Josh was among the top 10 most downloaded apps social and entertainment apps in India in 2021, with 150 million monthly active users.
• In February 2021, Saregama and Josh signed a music licensing deal, wherein Josh expanded its musical library with 1.3 lakh songs from Saregama in 25 different languages. To improve their user experience, Josh partnered with a computer vision company D-ID in August 2021. The company helped Josh introduce photo-to-video features, live portrait technology, animate their photos, etc.
• VerSe Innovation was incorporated on 13 April 2007, with its registered office at 1th Floor, Wing E, Helios Business Park Outer Ring Road, Kadubeesanahalli, Bengaluru Bangalore KA 560103 IN.