About Inovact
Inovact is a company based in Mysore (India) founded in 2021 by Sarang Pani. It operates as a B2C, and D2C. The company has 1 employees as of March 31, 2022. Inovact offers products and services including Inovact Social and Discovery Hub. Inovact operates in a competitive market with competitors including GrowthX, uConnect, TeachersConnect, Vconnekt and Tpick, among others.
- Headquarter Mysore, India
- Employees 1 as on 31 Mar, 2022
- Founders Sarang Pani
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Sectors
TechnologyEducation
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Email
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Phone
*********
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Website
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Social
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- Legal Name Inovact Private Limited
- Date of Incorporation 23 Jul, 2021
- Jurisdiction Mysore, Karnataka, India
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Annual Revenue
$140.36 (USD)0as on Mar 31, 2022
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Net Profit
$-676.13 (USD)0as on Mar 31, 2022
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EBITDA
$-671.79 (USD)0as on Mar 31, 2022
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Latest Funding Round
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Investors
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Employee Count
1
as on Mar 31, 2022
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Products & Services of Inovact
Inovact offers a comprehensive portfolio of products and services, including Inovact Social and Discovery Hub. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for connecting students and entrepreneurs to collaborate on projects.
Feature for exploring and upskilling through user projects and ideas.
Funding Insights of Inovact
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Inovact
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Inovact
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Inovact Comparisons
Competitors of Inovact
Inovact operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GrowthX, uConnect, TeachersConnect, Vconnekt and Tpick, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Learning networks and recruitment services for growth leaders are provided.
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| domain | founded_year | HQ Location |
Tools and technology are supplied for college career centers.
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| domain | founded_year | HQ Location |
Online social platform for education professionals is operated.
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| domain | founded_year | HQ Location |
An online networking platform for professionals and businesses.
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| domain | founded_year | HQ Location |
App-based platform connecting high school students with college students for guidance and support.
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| domain | founded_year | HQ Location |
Functions as an online social platform designed for teachers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Inovact
When was Inovact founded?
Inovact was founded in 2021.
Where is Inovact located?
Inovact is headquartered in Mysore, India. It is registered at Mysore, Karnataka, India.
Who is the current CEO of Inovact?
Sarang Pani is the current CEO of Inovact. They have also founded this company.
How many employees does Inovact have?
As of Mar 31, 2022, the latest employee count at Inovact is 1.
What is the annual revenue of Inovact?
Annual revenue of Inovact is $140.36 as on Mar 31, 2022.
What does Inovact do?
Inovact Private Limited operates a social network platform in Mysore, India, for students and entrepreneurs. It uses proof of work to facilitate connections, allowing users to find teams, join projects, build credibility, and earn rewards through interactions. The app enables efficient collaboration and idea development, targeting early-stage innovators.
Who are the top competitors of Inovact?
Inovact's top competitors include GrowthX, uConnect and TeachersConnect.
What products or services does Inovact offer?
Inovact offers Inovact Social and Discovery Hub.
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