VerSe Innovation, the mum or dad firm of Dailyhunt, has appointed Rohit Sandal as its new Chief Human Sources Officer (CHRO).
The corporate mentioned Maya John, who’s the outgoing Chief Folks Officer, has stepped all the way down to tackle a brand new alternative outdoors of the corporate.
Sandal joins VerSe after stints at Freshworks, Lenovo, and Dell, the place he labored in comparable roles and has led individuals initiatives at scale.
Together with the appointment, the corporate additionally reiterated its near-term purpose of reaching breakeven within the second half of the fiscal 12 months, spearheaded by its product portfolio, together with NexVerse.ai, Dailyhunt Premium, Josh audio calling and tales, amongst others.
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“VerSe Innovation is redefining the digital content material expertise for Bharat and past. I’m excited to be a part of a mission-driven organisation that locations equal significance on know-how and other people. I stay up for partnering with the founders and the broader management crew to amplify our expertise methods and foster an surroundings the place each particular person can thrive and develop with affect,” mentioned Sandal in a press release.
The appointment comes months after the agency undertook layoffs of about 350 workers because it regarded to streamline operations amidst an AI push and drive profitability.
Whereas the corporate is but to file its FY25 outcomes, it had reported a 7% decline in working income in FY24. The corporate’s whole income fell from Rs 1,356 crore in FY23 to Rs 1,261 crore within the final fiscal 12 months.
In a dialog with The CapTable, Umang Bedi, co-founder of VerSe Innovation, cited a “sluggish promoting market” for the downturn.
Edited by Jyoti Narayan
