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1. 27 Oct
   VerSe’s valuation plunges nearly 90% to $576 million, Paytm profit rises

   British investor Baillie Gifford valued Dailyhunt parent VerSe Innovation at about $576 million, almost 90% below its 2022 peak, citing execution challenges and repricing of peers. The same dispatch notes One97 Communications (Paytm) reported a strong quarter with Q2 profit rising and revenue increasing.

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