Baillie Gifford marks down VerSe valuation near 90%
By Abha Lohia ·
VerSe Innovation: revenue and funding and every story →
- VerSe Innovation, based in Bengaluru, is the parent company of the news aggregator Dailyhunt
- A Baillie Gifford fund valued its 1.3% stake at $7.47 million as of August 31, implying about $576 million overall
- That is nearly 90% below the $5 billion peak valuation of 2022, and revenue pressures are cited behind the cut
What happened
- Fund cut fair value of its 1.3% stake to $7.47 million.
- Implied company value is about $576 million.
- Peak valuation in 2022 was $5 billion.
- Figures date to August 31.
Why it matters
- It shows how far late-stage valuations have fallen.
- Revenue pressure is behind the markdown.
The business
- Parent company of Dailyhunt, a news aggregator.
- Based in Bengaluru.
Who put in money
- Baillie Gifford Schiehallion Fund Shareholder — British investment firm's fund
In numbers
$576MImplied valuation · 2026
$5BPeak valuation · 2022
Terms in this story
- Valuation: A startup's valuation is the price investors agree the whole company is worth. For young companies it is set by negotiation and comparison, not by a formula.
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