News: GENLEAP raises 60 crores in seed round

HR Technology

GENLEAP raises 60 crores in seed round

Headquartered in Gurugram, GENLEAP, an Ed-tech & HR Tech start-up is the brainchild of industry veterans Sachin Sandhir, Nimish Gupta, Nitin Thakur & Shweta Kataria. The platform provides a unique DNA based self-discovery, upskilling and employability complete career lifecycle management.
GENLEAP raises 60 crores in seed round

GENLEAP, world’s first DNA based self-discovery, upskilling and employability platform has announced raising 60 crores from marquee investors in its seed round. Some marquee investors that were a part of this round included Vivek Vaidya of Super(set)start up studio;Kevin Donlon, Managing Member, Stono River Partners LLC; Mike Holland (personal capacity), Neeraj Bansal (Partner with big 4 firm); Ayush Singh, President & CEO- Restech Global; Mohit Juneja, Director, Mas Infratech Pvt Ltd; Rashed Mahmood, CEO & Director, Dipon Group; and many more.

Headquartered in Gurugram, GENLEAP, an Ed-tech & HR Tech start-up is the brainchild of industry veterans Sachin Sandhir, Nimish Gupta, Nitin Thakur & Shweta Kataria. The platform provides a unique DNA based self-discovery, upskilling and employability complete career lifecycle management.

Talking about the investment, GENLEAP Co-founders – Sachin Sandhir, Nimish Gupta, Nitin Thakur & Shweta Kataria said “It is a day of immense pride for us to have the backing of these renowned investors who believe in our vision. With GENLEAP, we intend to make a difference to the lives of the next generation of children and professionals by addressing the challenges of discovery, skilling, and employability. We are confident of making a huge social impact and difference to the lives of millions of people in India. We are absolutely delighted and grateful to our investors who have backed us in this journey. We are also extremely grateful to the pioneering institutions like Amity Schools and universities, G.D. Goenka Schools, IIS University, and many more institutions who are supporting us in this journey and who have had faith to work with us.” 

Talking about the investment Mike Holland, CEO Embassy REIT said “Congratulations to Sachin and Nimish on the launch of the GENLEAP brand. Having known both of them professionally for more than a decade and having seen the impact they have had on the next generation of students in built environment, I am confident that they will now make a big impact with GENLEAP on the lives of students and professionals. GENLEAP’s vision of creating discovery, skills and employability for students and professionals is highly innovative can go a long way to support skills development in India faces through GENLEAP’s pathbreaking self-discovery process using Genomics, psychometrics and cognitive astromancy. I am supporting GENLEAP as an investor, customer and a potential employer”

With pathbreaking research and innovation at the fore, GENLEAP has partnered with Karmagenes (Switzerland) to pursue further pioneering research in use of genomics and genetic psychology to augment its offering in self-discovery. 

GENLEAP has leading educational institutions like the Amity Schools and universities, G.D. Goenka Schools, IIS University, and many more who are looking to implement GENLEAP’s pathbreaking self-discovery offering. To convert demographic dividend of India into a true skill dividend, we are pursuing major CSR initiatives to cover the vast expanse of Indian demography.

GENLEAP aspires to play a major role in the growth of Ed-tech and HR-tech market with its unique offering and a global pioneer in what it offers. Ed-tech market is currently valued at US$ 700-800 mn. There has been a US$ 4 bn in PE funding for the Ed-tech segment in last five years (50% of this in the last 12 months) and is projected to grow to US$ 10 bn by 2025 and US$ 30 bn by 2032. Recruitment market is currently pegged at US$ 6 bn in India (2018) and is projected to grow to US$ 20 bn by 2025. Assessment services market globally was pegged at US$ 6.5 bn with traditional psychometric based approach and is projected to grow to US$ 11.5 bn by 2027. 

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Topics: HR Technology, #FundingAndInvestment, #HRTech

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