Thursday, March 30, 2023

GENLEAP raises Rs 27Cr in a pre-Series A round led by new and existing investors

GENLEAP, a DNA-based self-discovery and career life cycle management platform, has raised Rs 27 crore in a pre-Series A funding round led by Mike Holland (former CEO of Embassy REIT), Sanjay Dutt (CEO & 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).

The round also saw participation from new investors, including Vikaash Khdloya (ex-Private equity professional), Sunil Bajaj (Partner with a leading multinational, multi-disciplinary consulting firm), Yoguen Oukabay, Mandeep Mehta (Group CFO with Policy Bazaar) in their personal capacities.

GENLEAP plans to use the raised capital towards marketing and increasing its distribution footprint globally, making a foray into the US, middle east, and European markets and building labs in multiple geographies, among others.

GENLEAP is a DNA-based self-discovery, upskilling and employability platform which leverages artificial intelligence to make optimal career choices and well-being of health, skincare, and relationship.

Founder & CEO of GENLEAP, Sachin Sandhir, said in a statement, “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.”

Nimish Gupta, Founder & Director of GENLEAP, said, “Given the huge amount of genetic and personality data and the biobank which we shall handle, GENLEAP is committed to investing heavily in data research, data protection, and data privacy and plans to set up data centres to ensure a fully compliant approach.”

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