People management startup Great Manager Institute (GMI), which provides personalized people management coaching, has raised $283,00 (approximately Rs 2 Cr) in its angel round of funding. The round included participation from Bala Malladi, CEO ACT Fibernet; Srikanth Karra, CHRO Mphasis; and Ramesh Shankar, the former CHRO of Siemens.
The firm is also seeking to raise more funds at a proposed valuation of $15 Mn (around Rs 106.28 Cr). As part of the round, the investors will advise the company in various capacities. Malladi has also joined GMI’s India board of advisors.
The company will use the raised funds for branding, technology, and research.
Founded in 2017 by Prasenjit Bhattacharya, Dalreen Patrao and Ashwin Srivastava, GMI uses artificially intelligent coaches and a community of experienced human mentors, to provide personalized sustainable learning to people managers.
The company claims to have more than 650 companies and 16,000 managers associated with it in India.
Given the rising importance of reskilling the managerial layer, it is no wonder GMI’s model has an interesting one for engaging and reskilling the managerial layer. People managers make a world of difference to the culture and brand of an organization and the investment in GMI validates the rising importance of reskilling this section of the community.