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Umang Bedi Snapshot
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Umang Bedi
Co-Founder
Organization
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Birth & Early Life
- Umang Bedi, Co-founder of VerSe Innovation, recounts the pivotal role of a poll conducted with Nielsen in driving the company's growth.
- Despite initial skepticism about their audience reach, the poll, which garnered responses from seven million people before the 2019 general elections in India, marked the beginning of their journey.
- While the results showed strong support for Prime Minister Narendra Modi, the company faced criticism due to recent losses by the BJP in key state elections.
- However, VerSe Innovation's unique audience base, focused on local languages and native ad-tech, proved to be instrumental in their success.
- Today, the Bengaluru-based unicorn boasts a proprietary technology platform with over 300 million users consuming content in their local languages.
- Expanding its reach, Dailyhunt was launched in several Middle Eastern countries, adding 60 million people to its addressable market.
- The company forged partnerships with over 5,000 content publishers in the region to facilitate expansion.
- Verse Innovation secured $805 million in funding last year, led by global investors including Canada Pension Plan Investment Board (CPP Investments), Ontario Teachers' Pension Plan Board (Ontario Teachers’), and Luxor Capital.
Education
Education | Institution | Duration |
|---|---|---|
General Management Program | Harvard Business School | 2015 - 2015 |
Bachelor of Engineering, Electronics | Pune University | 1995 - 1999 |
ISC | Seventh Day Adventist | 1993 - 1995 |
careers
Position | Company | Duration |
|---|---|---|
Co-Founder | VerSe Innovation | Feb 2018 - Present |
Statutory Board Member | Goals101 | Feb 2018 - Present |
Managing Director - India & South Asia | Facebook | Jul 2016 - Jan 2018 |
Managing Director - South Asia | Adobe | Mar 2011 - Jun 2016 |
Managing Director - India & Emerging Markets | Intuit Inc. | Nov 2008 - Mar 2011 |
Head - Banking, Financial Services & Insurance Vertical | Symantec Corporation | Nov 2005 - Nov 2008 |
Country Solutions Engagement Manager - Telecom | Sun Microsystems Inc | Apr 2003 - Nov 2005 |
Senior Solutions Consultant | Wipro Corporation | May 2001 - Apr 2003 |
Senior Software Engineer | Satyam Computer Services | Jun 1999 - May 2001 |
Personal Details
Married
Events
Board and Advisor Roles
- Goals101
- Statutory Board Member
- Feb 2018
Umang Bedi Investments
Total no. of Investment
3
Umang Bedi has made 3 investments.
| Date | Company | Sector | Round | Investments | Co-Investors |
|---|---|---|---|---|---|
| 2023-11-06 | Seed Round - mirrAR | ₹ 130 M | Umang Bedi, Bikram Mazumdar, Mohit Jain, Alagu Periyannan, Diaspark etc | ||
| 2021-10-22 | Seed Round - Kafqa Academy | $ 1.3 M | Vikram Chopra, Kunal hchv, Virendra Gupta, Umang Bedi etc | ||
| 2020-10-21 | Seed Round - TagZ Foods | - | Shikhar Dhawan, 9Unicorns Accelerator Fund, Venture Catalysts, Ranvijay Singh, Indifi Technologies etc |