Umang Bedi

Dailyhunt and Josh parent VerSe reverses pay cuts, expands ESOP pool

The company, which also laid off about 150 employees in November, had announced salary cuts of up to 11 percent for employees earning more than Rs 10 lakh amid worsening macroeconomic headwinds.

Dailyhunt taps into Middle East’s $5 billion news aggregation market, expands operations to six new countries

VerSe Innovation, which runs Dailyhunt, has appointed media veteran Shekhar Iyer as its Director and General Manager for Middle East and North Africa

ByteDance exits Josh parent at 56% discount ahead of re-entry into India market

ByteDance received $102.67 million for its entire investment. Considering VerSe Innovation’s $805-million primary fundraise in April, which it raised at a valuation of $5 billion, ByteDance should have received about $232 million for its investment.

My competition is with users’ time spent on mobile phones: DailyHunt founder Virendra Gupta

VerSe cofounder Virendra Gupta says the biggest challenge for a short-video platform is to read the mind of the consumer and give them the content they want. He says the short-video space is a competitive and big space and, in an oblique reference to the ShareChat-MX TakaTak deal, questions the consolidation of two loss-making businesses.

Dailyhunt co-founder buys Bengaluru villa for Rs 16.5 crore

Umang Bedi moved into a development called Epsilon that houses other tech billionaires such as Bigbasket’s Abhinay Choudhari.

India is leading charter for emerging markets: Facebook

"We (India) are leading the charter for the emerging markets for Facebook. We are part of Asia Pacific, which is the fastest growing region in the world in terms of Facebook revenue and India is a strategic focus within the region," Facebook's newly appointed India and South Asia head Umang Bedi said today.

Demonetisation great step for Indian e-commerce market: Facebook

"The demonetisation move is a great step forward towards removing many bottleneck operations including cash-on-delivery operations in Indian e-commerce market," Bedi said while delivering a speech on "Digital Disruption Is Just The Beginning" at Global Mobile Internet Conference 2016 here.