Genesys International Corporation, a 3D Mapping content and geospatial solutions company, announced a Rs. 250 Cr. round of equity investment led by Malabar India Fund.
Other marquee investors Sundar Iyer, Mathew Cyriac, Inder Soni, Vijay Karnani, Ashish Nanda, Kamlesh Shah, Sanjana Deepak Gupta and Abhinaya Chakravarthi also participated in the funding round.
The company plans to strengthen its Content As A Service platform creating a business model offering multi vertical applications catering to the emerging needs of India’s digital infrastructure ecosystem The company plans to target its offering to Utilities, Smart Cities, Big-Tech and Digital and E-Commerce sectors, the statement said.
Speaking about the investment, Sajid Malik Chairman and Managing Director of the company said that ‘This investment will be a key catalyst post the new Indian geospatial policy which has given a major fillip to our capabilities. We believe we will help leapfrog India’s map ecosystem.”
Speaking about the investment, Sumeet Nagar, Malabar’s Managing Partner, said ‘We are excited about Genesys’ mapping content and integration capabilities and the opportunities that the Indian digital infrastructure will provide in the years to come. A high-definition map platform will be an integral part of Digital India and we are delighted to partner with Genesys on their journey to deliver it.’
Mathew Cyriac, ex Blackstone MD and also an existing investor said ‘Genesys has a unique differentiated approach which meets the needs of India ‘s economic development.’
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