India, Oct. 27 -- VerSe Innovation, the parent of news aggregator Dailyhunt and short-video platform Josh, has seen two investment funds managed by Baillie Gifford mark down the value of their holdings by around 80% over different periods.

Pacific Horizon Investment Trust valued its holding in VerSe at £4.08 Mn as of July 2026, down 51.4% from £8.39 Mn a year earlier. The holding's value has fallen 80.3% from £20.69 Mn ($27.7 Mn) in July 2024.

Separately, The Schiehallion Fund valued its VerSe holding at $7.47 Mn as of August 2026, down 78.2% from $34.31 Mn in January 2025.

ET reported that Schiehallion's investment represented a 1.3% stake in VerSe, implying a company valuation of about $576 Mn - nearly 90% below its $5...