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Eliminate the hassle of manually creating monthly recurring invoices forever!

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Ecommerce Agency Owner Roundtable (Virtual Event)

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Disburse monthly company purchases in less than a minute!

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Step by step guide to kick-start your small business

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SaaS application that streamlines your accounting, invoicing, and payroll needs of your business.

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News

India’s tech companies have a big talent problem

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Minutes Show India Will Go Slow on Exiting Easy Money Policy

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Amplify e-commerce and help all MSMEs reach markets online

Read More...

A 2022 vision: 5 lessons from 2021 coming into focus

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Investors decode impact of Budget 2022 on startup ecosystem

Read More...

More than 66 lakh MSMEs registered on Udyam portal: Economic Survey

Read More...

As govt pushes for digital payments, here’s how active MSME Ministry is in transacting digitally

Read More...

How ‘Shark Tank India’ Has Given A Boost To Women Entrepreneurs

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Xebra is thrilled to be selected in NASSCOM 10,000 Start-ups program

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Media

How did digital communication change post covid?

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Watch how pandemic has changed communication strategy for MSME companies

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In Conversation with Nimesh Shah Xebra Business Financial Suite

Read More...

Why every founder must do business financial analysis during this lockdown

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Product

Decode cash flow statement to boost your company’s growth

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Step by step guide to kick-start your small business

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How can you maintain accounting accuracy for your small business?

Read More...

Onboarding Simplified for MSMEs

Read More...

How & Why Saas tools can help your small business?

Read More...

Should SMEs in India buy Saas applications and other online tools to become efficient and effective

Read More...

Xebra makes payroll a breeze!

Read More...

How does an invoicing software work?

Read More...

What are the basic accounting disciplines that small companies and start-ups should follow?

Read More...

SaaS application that streamlines your accounting, invoicing, and payroll needs of your business.

Read More...

Do biz-finance software’s contribute to start-ups in terms of value creation, relationships, counsel, and influence

Read More...

Accountant Vs. Bookkeeper- What’s the difference?

Read More...

Will accountants be replaced by computers in the coming years?

Read More...

Is an online business and finance software the right move for your small business?

Read More...

Should small business outsource their bookkeeping requirement or carry it out in-house?

Read More...

What are the accounting alternatives to tally for a small business?

Read More...

All You Need to know about Banking Terms

Read More...

Everything you wanted to know about Tax Deducted at Source TDS

Read More...

5 Ways Small Business Are Adopting Cloud Software

Read More...

How Cloud Accounting Can Help Small Business

Read More...

Don’t let the lockdown impact your business

Read More...

The 10 features in an ideal Online Invoicing Software

Read More...

Video

Eliminate the employee onboarding hassle with Xebra’s automation

Read More...

Xebra’s Vendor Portal that streamlines payments

Read More...

Improve your cash flow with Xebra’s dedicated client portal

Read More...

Xebra’s smart alerts notify you when expenses can cross budgeted limit

Read More...

Xebra helps you track your revenue targets that you have set client-wise or product/service wise!

Read More...

Eliminate the hassle of manually creating monthly recurring expenses forever!

Read More...

Eliminate the hassle of manually creating monthly recurring invoices forever!

Read More...

Disburse monthly asset purchase payments in less than a minute!

Read More...

Disburse monthly company purchases in less than a minute!

Read More...

Increase your cash-flow and profitability with Xebra!

Read More...

Multiple GST no’s delayed your tax calculation and accounting entries?

Read More...

Disburse employee monthly salaries in less than a minute!

Read More...

Disburse your monthly Company Expenses in under a minute!

Read More...

Ways to Improve your cash flow and collect money faster from your clients

Read More...

Dailyhunt's parent VerSe Innovation raises $805 million led by CPPIB, valuation reaches $5 billion

VerSe Innovation, the parent firm of online news aggregator DailyHunt and short-video platform Josh, said it has signed definitive documents and raised $805 million in a funding round led by existing investor Canada Pension Plan Investment Board (CPPIB).

New investors like Ontario Teachers’ Pension Fund, Luxor Capital and Sumeru Ventures, and its existing backers such as Sofina Group, Baillie Gifford and others have also participated in this round.

The Bengaluru-based firm said the latest fundraising will take its valuation up to $5 billion, post the investment.

CPPIB has invested $425 million, contributing almost half the total capital mopped up by the company, which began life with the Newshunt portal in 2007.

VerSe Innovation was valued at around $3 billion , after a $450 million funding in August last year and prior to an investment by Google and Microsoft. The company has raised $1.5 billion in the past one year, underscoring the capital-intensive nature of the industry.

While VerSe's core business of DailyHunt clocked $127 million in revenue in FY22, the intensely competitive and cash-guzzling short-video segment saw a significant consolidation with ShareChat's Moj and Times Internet's MX TakaTak merging in February. These players came into prominence after India banned a slew of Chinese apps including the popular short-video app TikTok, owned by Bytedance in 2020. Moj, MX TakaTak, Instagram Reels and YouTube Shorts are among the apps which compete with Josh. Times Internet is part of The Times of India Group which publishes The Economic Times.
 

Read more at : https://bit.ly/3bvnews35

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