About Answer Genomics
Answer Genomics is a Healthcare company based in Bengaluru (India) founded in 2018 by Rahul Ranganathan and Balamurali R. Online platform offering DNA-based recommendations for health and wellness. 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. Answer Genomics was last valued at $1.41 million in February 2021. Its chief executive, as recorded, is Rahul Ranganathan. Its Indian entity Answer Genomics Private Limited reported revenue of ₹80.5 Lakh. Its focus areas include Life Sciences, Genomics, Applied Genomics and Consumer Genomics.
Company details
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.
- Headquarters Bengaluru, India
- Employees 3
- Founders Rahul Ranganathan, Balamurali R
- Stage Minicorn
- SectorsHealthcare
- Website answergenomics.in
- Social LinkedIn
- Legal Name Answer Genomics Private Limited
- Date of Incorporation 13 Dec, 2018
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹80.5 Lakh
FY 2024 · +9% YoY
- Net Loss-₹3.24 Cr
FY 2024 · -403% margin
- EBITDA-₹2.73 Cr
FY 2024 · -339% margin
- Total Equity Funding$534.26K (USD)
in 2 rounds
- Latest Funding Round$500K (USD), Seed
Oct 2023
- InvestorsIndia Accelerator
& 8 more
- Employee Count3
Associated legal entities of Answer Genomics
Answer Genomics operates through Answer Genomics Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Answer Genomics Private Limited CIN U73100KA2018PTC184492 | Active | 13 Dec 2018 | Bangalore, Karnataka | ₹0.8 Cr | 3 | 2 | View details |
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 $534,256
- Total Rounds 2
- Last Round Seed — $500,000
- First Round $34,256
(Feb 2021)
- Investors Count 9
All 2 funding rounds of Answer Genomics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2023 | $500,000 | Seed | – | Inflection Point Ventures | – |
| Feb 2021 | $34,256 | Seed | $1.41M | Flamingo Digital, P S Deodhar |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2021 | $1.41M | •••••••• |
Last known valuation $1.41M (Feb 2021). 9 investors in total: 4 institutional and 5 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Startup acceleration, funding, and mentorship services are delivered by India Accelerator. | 2017 | indiaaccelerator.co | Gurugram, India | |
Provider of content strategy, inbound marketing, branding, SMM, and SEO services | lyxelandflamingo.com | Delhi, India | ||
Provider of brand positioning, advertising, SEM and SEO services | 2020 | weareflamingo.digital | Gurugram, India | |
PS P S Deodhar | unknown_e2134b7c7bb14c75b | |||
GE Govindarajan Eswaramurthy | unknown_8445203f620b421d9 | |||
SP Satya Prakash | unknown_1999fdcbdf6347b28 | |||
AM Aman Mehra | unknown_91b229f827254feab | |||
GD Gaurav Deepak | Co-founder of Varthana, active angel investor in Indian startups | unknown_afe1fc37188c4dc5a |
Investor details for Answer Genomics
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Answer Genomics Private Limited (Answer Genomics)
Answer Genomics Private Limited is the primary company behind Answer Genomics. The board of Answer Genomics Private Limited currently have 2 directors; the longest-serving is Rahul Ranganathan, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahul Ranganathan DIN 08304053 | Director | 13 Dec 2018 | 7 yrs 10 mo | Answer Genomics Private Limited |
| Andiyakkal Rajendran Balamurali DIN 08742291 | Director | 11 May 2020 | 6 yrs 5 mo | Answer Genomics Private Limited |
People of Answer Genomics
2 people are tracked at Answer Genomics (2 in leadership); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Balamurali R | Co-Founder & CTO | Leadership |
Complete people profiles for Answer Genomics
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Answer Genomics
Figures of Answer Genomics Private Limited, the primary company behind Answer Genomics, for FY 2024. Revenue was ₹80.5 Lakh (+9% year on year). Net loss was -₹3.24 Cr (-403% margin). EBITDA was -₹2.73 Cr (-339% margin). Revenue has grown at a compounded annual rate of +338% over three years.
- ₹80.5 LakhRevenue · FY 2024 · +9% YoY
- -₹3.24 CrNet loss · -403% margin
- -₹2.73 CrEBITDA · -339% margin
- ₹48.9 LakhPaid-up capital
- 3Employees (provident fund records)
- +338%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Answer Genomics Private Limited are on its company page.
Detailed financial statements for Answer Genomics
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Answer Genomics
4 dated milestones of Answer Genomics across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Answer Genomics is founded.
- Funding First funding round of $34K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $500K.
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Frequently Asked Questions about Answer Genomics
Answer Genomics was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Answer Genomics is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rahul Ranganathan is the CEO of Answer Genomics, as recorded in our data. They have also founded this 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 2021.
Answer Genomics has 3 employees.
The primary company behind Answer Genomics, Answer Genomics Private Limited, reported revenue of ₹80.5 Lakh for FY 2024, up 9% year on year.
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.
Answer Genomics has 9 investors. Key investors include India Accelerator, Flamingo Digital, IP Ventures, Lyxel&Flamingo, and P S Deodhar.
The valuation of Answer Genomics is $1.41M as of Feb 2021.
Answer Genomics operates through Answer Genomics Private Limited.
The legal entities of Answer Genomics currently have 2 directors, including Andiyakkal Rajendran Balamurali, Rahul Ranganathan.