About GenWise
GenWise is a company based in Delhi (India) founded in 2023 by Nehul Malhotra, Rajat Jain, and Geetanshu Singla.. GenWise has raised $3.5 million across 1 funding round from investors including Angel List, Anikarth Ventures and Climber Capital. GenWise offers products and services including Saathi, UPI Payments, Friends, and Events. GenWise operates in a competitive market with competitors including Khyaal, LifeLoop, Samarth, OnKol and Vermut, among others.
- Headquarter Delhi, India
- Founders Nehul Malhotra, Rajat Jain, Geetanshu Singla
- Stage Minicorn
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Sectors
HealthcareMedia & Entertainment
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Email
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Phone
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Website
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Social
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- Legal Name Bharatage Innovations Private Limited
- Date of Incorporation 28 Oct, 2022
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$1.06 K (USD)0as on Mar 31, 2023
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Net Profit
$-63.77 K (USD)0as on Mar 31, 2023
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EBITDA
$-63.05 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$3.5 M (USD)
in 1 rounds
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Latest Funding Round
$3.5 M (USD), Seed
Mar 21, 2023
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Investors
Angel List
& 11 more
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Employee Count
Employee Count
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Products & Services of GenWise
GenWise offers a comprehensive portfolio of products and services, including Saathi, UPI Payments, Friends, and Events. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers audio and video calls for meaningful conversations with trained supporters
Provides secure UPI transactions and rewards for elderly users
Enables safe connections and friendships among seniors
Hosts online events like games and learning sessions for elders
Funding Insights of GenWise
GenWise has successfully raised a total of $3.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.5 million completed in March 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 1
- Last Round Seed — $3.5M
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First Round
First Round
(21 Mar 2023)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Seed - GenWise | Valuation | Z47 |
| 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 GenWise
GenWise has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Anikarth Ventures and Climber Capital. 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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Venture capital firm focused on seed and early-stage investments
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Venture capital funding is provided to innovative startups in India.
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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 GenWise
| 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 - GenWise
| 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 |
Genwise Comparisons
Competitors of GenWise
GenWise 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 Khyaal, LifeLoop, Samarth, OnKol and Vermut, 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 |
Provider of a mobile application offering on demand assistance for senior citizens
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| domain | founded_year | HQ Location |
Senior living software platform is provided to enhance resident experiences.
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| domain | founded_year | HQ Location |
Eldercare services, community support, and tailored care plans are offered.
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| domain | founded_year | HQ Location |
Connected device for monitoring at-home dependents
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| domain | founded_year | HQ Location |
App-based social platform for senior citizens
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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 Genwise
Frequently Asked Questions about GenWise
When was GenWise founded?
GenWise was founded in 2023.
Where is GenWise located?
GenWise is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is GenWise a funded company?
GenWise is a funded company, having raised a total of $3.5M across 1 funding round to date. The company's 1st funding round was a Seed of $3.5M, raised on Mar 21, 2023.
What is the annual revenue of GenWise?
Annual revenue of GenWise is $1.06K as on Mar 31, 2023.
What does GenWise do?
GenWise was founded in 2023 in Delhi, India, as a provider of an online platform focused on elder care. Social connections are facilitated through events, games, and a club environment. Emotional support is offered by linking elders with companions for conversations and aid. Community building is emphasized to support friendships, hobbies, and mental stimulation in the social services sector.
Who are the top competitors of GenWise?
What products or services does GenWise offer?
GenWise offers Saathi, UPI Payments, Friends, and Events.
Who are GenWise's investors?
GenWise has 12 investors. Key investors include Angel List, Anikarth Ventures, Climber Capital, Kunal Shah, and Suhail Sameer.
What is GenWise's valuation?
The valuation of GenWise is $18.43M as of Mar 2023.