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Xebra’s Vendor Portal that streamlines payments

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Eliminate the hassle of manually creating monthly recurring expenses forever!

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

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Eliminate the hassle of manually creating monthly recurring invoices forever!

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Disburse monthly asset purchase payments in less than a minute!

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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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The Evolving Landscape of Security and Privacy in FinTech

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

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Disburse employee monthly salaries in less than a minute!

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Disburse your monthly Company Expenses in under a minute!

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

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Step by step guide to kick-start your small business

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Onboarding Simplified for MSMEs

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How & Why Saas tools can help your small business?

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

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

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

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In Conversation with Nimesh Shah Xebra Business Financial Suite

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Why every founder must do business financial analysis during this lockdown

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The 10 features in an ideal Online Invoicing Software

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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

Read More...

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

Read More...

Budget 2022: What is in it for startups?

Read More...

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

Read More...

The Evolving Landscape of Security and Privacy in FinTech

Read More...

Ecommerce Agency Owner Roundtable (Virtual Event)

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Media

How did digital communication change post covid?

Read More...

Watch how pandemic has changed communication strategy for MSME companies

Read More...

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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Four free business applications you can use while working from home

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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

Read More...

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 Mn at $5 Bn valuation

VerSe Innovation, the parent company of vernacular news aggregator Dailyhunt and maker of short video entertainment app Josh, has raised $805 million in its Series J round led by Canada Pension Plan Investment Board (CPP Investments). CPP Investments has alone put $425 million in this financing round in the Bengaluru-based company.

Ontario Teachers’ Pension Plan Board (Ontario Teachers’), Luxor Capital, Sumeru Ventures and existing investors Sofina Group, Baillie Gifford and others have also participated.

According to VerSe, it has raised $1.5 billion In the past 12 months and is now valued at $5 billion. The company was valued at $3 billion during $450 million Series I round in August last year.

VerSe will use the fresh capital to deepen and broaden its artificial intelligence (AI), machine learning (ML) and data science capabilities, the company said in a press release. The company also has been planning to expand its offerings, monetization models, foray into Web 3.0 experiences and create an IPO scale business.

VerSe’s core product Dailyhunt claims to serve over 350 million users every month (MAU) whereas the short video app Josh claims to have 139 million monthly active users or MAUs and 68 million daily active users or DAUs.

Apart from news aggregation and short video app, Dailyhunt has also developed a hyper-local video platform called PublicVibe which provides hyperlocal video only updates across crime, politics, public issues and events in one’s location. Entrackr had exclusively reported about PublicVibe in December.

PublicVibe serves over 5 million MAUs and 1 million DAUs and has over 6 million downloads on the Play Store.

In the news aggregation and hyper-local video business, Dailyhunt competes with Inshorts while its short video app Josh competes with ShareChat’s Moj, MX TakaTak, YouTube Shorts and Instagram among others. Recently, the space has seen a major consolidation where ShareChat had acquired Times Internet-owned MX TakaTak in a deal worth around $600 million.

VerSe has also filed its annual financial report for the year ending on March 31, 2021. During the period, it recorded nearly 150% surge in its revenue to Rs 666 crore as compared to Rs 267.63 crore in FY20. The expenses of the company also jumped more than two-fold to Rs 1,579.7 crore from Rs 720 crore in FY20. The company reported a loss of Rs 807 crore in FY21 from Rs 410 crore in the preceding financial year.

Read more at : https://bit.ly/3rQzsoM

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