Hyderabad-based Mapmygenome, the company behind the personal genomics and predictive tests brand Genomepatri™ has raised over INR 7 Cr. in Pre Series A round of funding led by Aarti Grover MD – CMS Computers, Rajan Anandan – MD- Google India, Arihant Patni –Managing Director at Hive Technologies and Satveer Singh Thakral – CEO of Singapore Angel Network among others.
Founded in 2011 by Anu Acharya, Mapmygenome uses state-of-the-art technology to decode and understand an individual’s DNA and provides actionable steps for individuals and their physicians towards a healthier life. It offers plethora of mapping tests such as Genomepatri™, CardioCardiomap™, Oncomap™, Gynaecmap™, Brainmap™.
The funding will be used by the startup for scaling up in India and globally. “We are looking to expand our team (Leadership, Sales and marketing and genetic counseling network) where our focus is on quality of talent – education and expertise. We are also looking to invest in some assets and scale up our research,” said Anu Acharya.
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“As India’s economy develops, we strongly believe that preventive healthcare will form a rising share of the household budget. Genome mapping is at the frontier of technological innovation in this context, and we are backing this experienced team to scale and make this technology commercially available to people from all walks of life who are pro-active about their health,” said Satveer Singh Thakral, CEO Singapore Angel Network.
Last year, the company had tied up with Snapdeal to offer DNA Testing Service.
Anu had previously founded Ocimum Bio Solutions, which helps scientist do their research.
Avendus Wealth Management Pvt. Ltd, the wealth management subsidiary of Avendus Capital Pvt. Ltd., were the advisors for this round.
Another startup MedGenome, which provides clinical genomics solutions for personalized healthcare is looking to raise $15 Mn.