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

Price return has been average, nothing exciting

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

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

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.