GENLEAP Raises Rs 27 Cr In Pre-series A Funding Round
GENLEAP, a DNA-based self-discovery and career life cycle management platform, has successfully concluded its pre-series A funding of 27 crores ($3.3 million).
Several existing investors, including Mike Holland (former CEO of Embassy REIT), Sanjay Dutt (CEO and MD, Tata Realty and infrastructure), Neeraj Bansal(Co-head and COO – India Global with a Big Four Consulting Firm), Karthikeyan Balasubramanian, Deepak Kaul and Manish Dhawan (Olam Food International), participated in the round.
The round also saw participation from new investors like Vikaash Khdloya (ex-Private equity professional), Sunil Bajaj (Partner with a leading multinational, multi-disciplinary consulting firm), Yoguen Oukabay, and Mandeep Mehta (Group CFO with Policy Bazaar).
As per the startup, capital raised from this round and IPO would be used to further expand its marketing and distribution footprint globally, including entry into the US, middle east, and European markets.
GENLEAP | Self-discovery To Career Lifecycle Management
Founded by Sachin Sandhir and Nimish Gupta, along with co-founders Nitin Thakur, Shweta Kataria and Mohit Juneja, in 2021, GENLEAP is a DNA-based self-discovery and career management platform.
The platform leverages Genomics, Cognitive Astromancy, and Psychometrics to let aspirants, including students and working professionals, discover their inherent strengths and talents and identify career choices best suited to their personality type.
Speaking about the development, Sachin Sandhir, Founder and CEO of GENLEAP, said,
“GENLEAP will soon be expanding its geographical footprint and growth in the US, Middle east and other markets and given its global ambitions to become a leading force in the Genomics testing and solutions market, a $90 billion industry. GENLEAP AI, the US entity of GENLEAP, would now be listed in the Regulation A plus market and will launch a 50 million dollar IPO in the US market shortly.”
GENLEAP is also extending its footprint both geographically and in terms of product launches, providing DNA-led solutions for personal career growth and development, relationship compatibility, health and wellness, disease susceptibility and more.
Commenting on the development, Mandeep Mehta, Group CFO at Policy Bazaar, said,
“GENLEAP provides the most powerful end-to-end career lifecycle management platform in today’s market. Its innovative approach helps one discover the hidden talents and innate personality traits to find how one’s environment and life experiences are helping in realizing this potential; and what’s missing.”
This funding round follows the earlier Rs 60 Crores ($7.4 million) seed round GENLEAP raised in 2021.
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