According to the company's valuation report dated Feburary 2020, “Ver Se Innovation is in the business of designing, developing, researching vertical search and recommendation services. The company, in its regulatory filing classified itself in the business of designing, developing, researching vertical search and recommendation services. There are other companies in the sector which are either in the process of restructuring their business or have already done so to ensure FDI inflow is not an issue,” said a lawyer with a leading law firm that also advises media companies on the condition of anonymity. “Once a company classifies itself as a content aggregator it is not just a mediahouse, then there is a case for it to avoid complying with the FDI guidelines. “The company has worked around its structure in the previous round and does not fall in the purview of FDI cap requirements,” said another person with direct knowledge of the development. Today, it's our pleasure to announce the winners of India's most prestigious recognition for Indian entrepreneurs.
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