VerSe Innovation has appointed Prasanna Prasad as its Chief Product and Technology Officer (CPTO) to boost its work in AI.
In this role, he will lead the engineering, product, and data science teams. He will also work on improving AI features on platforms like Dailyhunt and Josh.
Earlier, he worked at Verve Group Inc., where he managed technology, product, and AI projects.
Prasad has more than 20 years of experience and strong skills in product development, data science, cloud systems, and AI.
At VerSe, he will focus on better content personalisation, supporting creators, and improving advertising technology to boost user engagement and revenue.
Umang Bedi, Co-Founder, VerSe Innovation, said: “AI is becoming central to how digital platforms are built, scaled and monetized. At VerSe, we see this as a structural shift that will define the next phase of growth across content, creators and advertising. Prasanna brings deep experience across engineering, data science and AI-led platform transformation, along with a strong track record of building high-scale, privacy- first systems. As we continue to sharpen our focus on AI across our products and ad tech stack, his leadership will be important in strengthening our technology foundations and driving more efficient, intelligent outcomes across the ecosystem.”
Prasanna Prasad, Chief Product and Technology Officer, VerSe Innovation, said: “As platforms scale, the role of technology shifts from enablement to differentiation. The focus then moves to how consistently systems can translate intelligence into real outcomes, whether in user experience, content relevance or monetization efficiency. At VerSe, the emphasis will be on driving greater precision and coherence across systems so that performance becomes more predictable and scalable over time. I’m excited to join at this point and contribute to shaping the next phase of the company’s growth.”
The company runs an AI-based platform in local languages and has over 350 million users. Its main products include NexVerse.ai, Dailyhunt Premium, and VerSe Collab.
In terms of money, VerSe’s revenue grew to ₹1,930 crore in FY25, up from ₹1,029 crore in FY24. The company is aiming to become profitable in the second half of FY25.
Based in Bengaluru, VerSe has raised over $1.5 billion so far. Its investors include CPP Investments, Ontario Teachers’ Pension Plan, Qatar Investment Authority, Carlyle Group, Baillie Gifford, Goldman Sachs, and Peak XV Partners.
