GenAI Startup Gnani.AI Secures $4 M In Funding From Info Edge Ventures

Info Edge share price: The sustained growth momentum in the non-IT sectors is expected to continue to buoy the company’s recruitment business

Info Edge rallies 5% in weak market, nears record high on positive outlook

The stock traded at a P/E multiple of 157.61, while the price-to-book value ratio stood at 2.39.

Info Edge declines 0.8% as Sensex climbs

Voice-first generative AI company Gnani.ai has raised ₹30 crores ($4 million ) from Info Edge Ventures in a Series-A round.

Gnani.ai raises $4 million in funding from Info Edge Venture

Gnani.ai raises $4 million from Info Edge Ventures for voice-first AI platform expansion in financial sectors.

Gnani raises $4 million in funding from Info Edge Ventures

The stock traded at a P/E multiple of 159.62, while the price-to-book value ratio stood at 2.39.

Info Edge declines 0.14% as Sensex climbs

Voice-first AI startup Gnani.ai received $4 million from Info Edge Ventures for sales expansion and geographical growth. Gnani.ai provides a no-code platform for conversational automation and voice biometrics. Their clientele mainly includes the banking, financial services, and insurance sectors.

GenAI startup Gnani secures $4 million in funding from Info Edge Ventures

A total of 4,964 shares changed hands on the counter till 01:34PM (IST)

Info Edge shares decline 0.92% as Sensex climbs

Info Edge declared a Rs 12/share dividend for eligible shareholders in May, to be credited by September 5. In the past year, total dividends amount to Rs 19, including Rs 9 in July and Rs 10 in November 2023.

Last date to buy today! Naukri, Deepak Nitrite among 11 stocks to trade ex-dividend on Monday

A total of 2,260 shares changed hands on the counter till 12:48PM (IST)

Info Edge shares drop 1.3% as Sensex falls

A total of 2,478 shares changed hands on the counter till 01:29PM (IST)

Info Edge shares rise 0.7% as Sensex slides

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

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Promoter pledged holding

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Info Edge (India) Limited is a holding company involved in online classifieds business. Its segments include Recruitment Solutions, 99acres, Online Restaurant Discovery and Others. The Others segment includes Jeevansathi and Shiksha services.