VerSe's Valuation Slashed by 42% to $2.9B: Investor 360 One

• Investor 360 One estimates VerSe's worth at $2.9B, down from $5B in April 2022
• VerSe operates news aggregator Dailyhunt, backed by major investors like Ontario Teachers' Pension Plan
• 360 One owns a 2% stake in VerSe, disclosed valuation in June update to investors
• VerSe spokesperson claims business has grown exponentially since last funding round
• Trend aligns with global investors marking down startup valuations, like Fidelity's cuts to X and Gupshup

Source: Techcrunch