What has happened in India in the last 24 hours? - Infomance
Infomance
Technology, Information and Media
Noida, Uttar Pradesh 4,616 followers
Startup Information Platform
About us
Infomance is India’s new-age online media and startup information platform that covers the latest news, reports, insights, analysis, and stories. Since launching in November 2017, Our mission is clear: to spotlight the inspiring stories of young entrepreneurs and the innovative technologies they are developing to propel our nation forward. and Our platform serves as a beacon for budding entrepreneurs, founders, and their ventures, providing them with a platform to share their journeys, challenges, and triumphs. We are committed to showcasing the diverse landscape of India’s startup ecosystem, highlighting groundbreaking ideas, Breakthrough development, and innovative solutions that are shaping the future of the world. Central to our ethos is the belief that every startup has a story worth telling. From bootstrapped ventures to unicorn companies, we are dedicated to amplifying the voices of founders and innovators who are making a difference. Through in-depth interviews, insightful articles, and data-driven analysis, we offer our readers a comprehensive view of the startup landscape, allowing them to stay informed and inspired. Our platform serves as a hub for both aspiring entrepreneurs and seasoned industry professionals alike, offering a wealth of news, data insights, research, and compelling narratives. Whether you’re seeking the latest updates on funding rounds, in-depth analysis of market trends, or inspiring success stories, Infomance has you covered. Our coverage extends beyond just news headlines; we delve deep into the heart of the startup world, uncovering trends, opportunities, and challenges. Whether it’s exploring the latest funding rounds, dissecting industry trends, or profiling emerging startups, our team of dedicated writers and researchers is committed to delivering high-quality, engaging content that informs and inspires.
- Website
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https://www.infomance.com
External link for Infomance
- Industry
- Technology, Information and Media
- Company size
- 11-50 employees
- Headquarters
- Noida, Uttar Pradesh
- Type
- Privately Held
- Founded
- 2017
- Specialties
- infomance, startups, technology, startups news, startups ecosystem, information, funding news, market, Insights, Startups Research , and Analysis
Locations
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Primary
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Noida, Uttar Pradesh 201301, IN
Employees at Infomance
Updates
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DailyObjects’ revenue from operations rose 33.6% to Rs 84.4 crore in FY24. Total expenses grew by 33.3% to Rs 84.2 crore in FY24. The company noted a loss of Rs 3.92 crore, declining from a profit of Rs 0.06 crore in FY23. https://lnkd.in/g5ijc4qV
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Foxconn is in final talks with the Tamil Nadu government to set up a Battery Energy Storage System (BESS) manufacturing unit on 200 acres of land. This move is part of Foxconn's strategy to expand in India and tap into the growing electric vehicle market, while also supporting Tamil Nadu's push to become a hub for EV and renewable energy industries. https://lnkd.in/gShN9Qjg
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ShopDeck raised $8 million in Series B funding, led by Bessemer Venture Partners, to enhance team growth and product development. Founded after WMall's closure, it helps D2C brands with storefronts and sales optimization. ShopDeck's FY23 revenue reached ₹19.5 crore, with a net loss of ₹9.2 crore. https://lnkd.in/gNsahuGu
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Pratilipi's revenue from operations grew 65.8% to Rs 57.8 crore in FY24. The company reduced its net loss by 62%, lowering it to Rs 58.13 crore. Revenue from content and subscriptions doubled, while brand advertising and book sales saw significant growth. https://lnkd.in/gwH5XfqS
Pratilipi Posts Rs 58 Cr Revenue In FY24, Losses Down 62% YoY
https://www.infomance.com
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AltMobility has raised $10 million in a Series A funding round led by Eurazeo, with participation from Shell Ventures, Twynam Earth Fund, and Ev2 Ventures. The company plans to use the funds to expand its EV fleet, enhance its digital asset management platform, and standardize battery technology. https://lnkd.in/gpGE_bwX
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Indian Institute of Management Ahmedabad Ventures has teamed up with Google for Startups to launch the AI Academy India 2024, helping early-stage startups use AI to solve challenges in sectors like healthcare and education. The first cohort of 22 startups will receive training, mentorship, and access to Google’s AI technologies. The initiative will expand to six more cities across India. https://lnkd.in/g8xRvr_4
IIMA Ventures Collabs With Google To Empower 22 AI Startups
https://www.infomance.com
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CCI has approved Temasek’s acquisition of a 20–25% stake in Rebel Foods through Jongsong Foundation Investments for $180–$200 million, making Temasek the largest stakeholder. Rebel Foods posted a 19% revenue growth in FY24, with a 42% reduction in net loss. https://lnkd.in/g9FaN7tX
Temasek Gets CCI Approval for Rebel Foods Investment
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Entrepreneur Nithin Kamath highlighted India's unique diversity, contrasting it with Europe, which he described as "cut, copy, and paste." He noted India's complexity, resembling a continent with varied languages, food, and cultures across 28 states. Kamath expressed amazement at how the nation united despite its vast internal differences, calling it a truly remarkable example of cohesion.
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