Bengaluru: A fund managed by British investment firm Baillie Gifford has slashed the fair value of news aggregator platform Dailyhunt’s Bengaluru-based parent company, VerSe Innovation, by nearly 90% to about $576 million as of August 31, compared to its peak valuation of $5 billion in 2022.The Schiehallion Fund pegged the fair value of its 1.3% holding in VerSe Innovation at $7.47 million, according to its portfolio disclosures reviewed by ET,