About Answer Genomics
Answer Genomics is a company based in Bengaluru (India) founded in 2018 by Rahul Ranganathan and Balamurali R.. Answer Genomics has raised $534.26 thousand across 2 funding rounds from investors including India Accelerator, Flamingo Digital and IP Ventures. The company has 3 employees as of March 23, 2024. Answer Genomics operates in a competitive market with competitors including InformedDNA, MyOme, Dante Labs, ARQUIMEA INGENIERIA and SelfDecode, among others.
- Headquarter Bengaluru, India
- Employees 3 as on 23 Mar, 2024
- Founders Rahul Ranganathan, Balamurali R
- Stage Minicorn
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Answer Genomics Private Limited
- Date of Incorporation 13 Dec, 2018
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$89.02 K (USD)570.28as on Mar 31, 2023
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Net Profit
$-214.4 K (USD)-149.05as on Mar 31, 2023
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EBITDA
$-213.2 K (USD)-57.48as on Mar 31, 2023
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Total Equity Funding
$534.26 K (USD)
in 2 rounds
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Latest Funding Round
$500 K (USD), Seed
Oct 05, 2023
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Investors
India Accelerator
& 8 more
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Employee Count
3
as on Mar 23, 2024
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Funding Insights of Answer Genomics
Answer Genomics has successfully raised a total of $534.26K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $500,000
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First Round
First Round
(06 Feb 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Seed - Answer Genomics | Valuation | Inflection Point Ventures |
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| Feb, 2021 | Amount | Seed - Answer Genomics | Valuation | Flamingo Digital , P S Deodhar |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Answer Genomics
Answer Genomics has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include India Accelerator, Flamingo Digital and IP Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in early-stage tech startups across sectors.
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Founded Year | Domain | Location | |
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Startup acceleration, funding, and mentorship services are delivered by India Accelerator.
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Founded Year | Domain | Location | |
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Provider of content strategy, inbound marketing, branding, SMM, and SEO services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Answer Genomics
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Answer Genomics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Answer Genomics Comparisons
Competitors of Answer Genomics
Answer Genomics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as InformedDNA, MyOme, Dante Labs, ARQUIMEA INGENIERIA and SelfDecode, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Network of genetics experts provided to assist patients and providers.
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| domain | founded_year | HQ Location |
Provider of a platform for gene analysis to determine genetic diseases and drug response
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| domain | founded_year | HQ Location |
Whole-genome sequencing analysis is offered for health and wellness insights.
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| domain | founded_year | HQ Location |
Provider of engineering, manufacturing, and research and development services to industries
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| domain | founded_year | HQ Location |
Personal genome data is analyzed for health and wellness reports.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Answer Genomics
Frequently Asked Questions about Answer Genomics
When was Answer Genomics founded?
Answer Genomics was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Answer Genomics located?
Answer Genomics is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Answer Genomics?
Rahul Ranganathan is the current CEO of Answer Genomics. They have also founded this company.
Is Answer Genomics a funded company?
Answer Genomics is a funded company, having raised a total of $534.26K across 2 funding rounds to date. The company's 1st funding round was a Seed of $34.26K, raised on Feb 06, 2021.
How many employees does Answer Genomics have?
As of Mar 23, 2024, the latest employee count at Answer Genomics is 3.
What is the annual revenue of Answer Genomics?
Annual revenue of Answer Genomics is $89.02K as on Mar 31, 2023.
What does Answer Genomics do?
Answer Genomics was founded in 2018 in Bengaluru, India, within the healthtech sector. An online platform is operated to analyze genomic data, medical history, blood reports, and lifestyle information. Customized health plans are generated for monitoring cardiovascular, metabolic, digestive, and musculoskeletal health. Predictions are made regarding HDL and LDL imbalances, food allergies, and vitamin-nutrition profiles based on individual genetics.
Who are the top competitors of Answer Genomics?
Answer Genomics's top competitors include Dante Labs, InformedDNA and MyOme.
Who are Answer Genomics's investors?
Answer Genomics has 9 investors. Key investors include India Accelerator, Flamingo Digital, IP Ventures, Lyxel&Flamingo, and P S Deodhar.
What is Answer Genomics's valuation?
The valuation of Answer Genomics is $1.41M as of Feb 2021.
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