Indian career guidance edtech startup GenLeap Secures $3.3 Mn in a Pre-Series A funding round

GenLeap, an Indian career guidance startupc focusing on DNA analysis, announced recently that it has raised $3.3 Mn (INR 27 Cr) in a Pre-Series A funding round. Existing investors- Embassy REIT’s Mike Holland, Tata Realty’s Sanjay Dutt, Olam Food’s Karthikeyan Balasubramanian, Deepak Kaul and Manish Dhawan, KPMG’s Neeraj Bansal have taken part in the funding round.

Besides, new investors including Policybazaar’s CFO Mandeep Mehta, Embassy REIT’s  Vikaash Khdloya, Sunil Bajaj and Yoguen Oukabay were also part of this investment round.   

According to the company, its US entity will be listed on the ‘Regulation A Plus IPO’ market of the US and plans to shortly launch a $50 Mn IPO in that country. ‘Regulation A’ is when companies are exempted from registering for public offerings on the US bourses. 

The team will use the funds from this funding round and the IPO to expand its marketing and distribution footprint across the globe. Besides, it plans to enter the US, Middle East, and Europe. Further, it plans to use the incoming capital/proceeds from the IPO to build research and development labs globally and expand its research in emerging areas including behavioural genetics. 

Founded in 2021 by Sachin Sandhir, Nimish Gupta, Nitin Thakur, Shweta Kataria and Mohit Juneja, the Gurugram-based GenLeap offers DNA-based services for career growth and development, health and wellness, relationship compatibility and disease susceptibility, among others. 

Its website showa that the startup’s target audience includes students, parents, working professionals, academic institutions and edtech startups. It facilitates students and professionals in ascertaining apt careers while it also enables academic institutions as well as edtech startups in attracting the right students/talent.