VerSe Innovation, the parent company of content platform Dailyhunt and short-video app Josh, has received a clean opinion from Deloitte on its consolidated financial statements for the financial year 2024. Deloitte, which serves as the auditor for the company, confirmed that the financial statements present a “true and fair view” of the company’s financial position.

A VerSe Innovation spokesperson stated, “Deloitte has issued a True and Fair view of our FY24 Consolidated Financial Statements. While Deloitte identified control weaknesses, their report confirmed these findings do not impact their opinion on the Financial Statements. We are committed to strengthening our controls and remain confident in our plan to achieve break-even in the second half of this fiscal year.”

According to MCA filings, Deloitte noted: ““We have considered the material weaknesses identified and reported above in determining the nature, timing, and extent of audit tests applied in our audit of the Consolidated Financial Statements of the Company for the year ended March 31, 2024, and these material weaknesses do not affect our opinion on the said Consolidated Financial Statements of the Company.”

VerSe Innovation said its proprietary technology platform powers over 350 million users to consume content in their local language on Dailyhunt, and also powers the short-video app Josh.