Description
Answer Genomics combines genomic, physiological, and physical parameters to provide a comprehensive picture of present and future health. It predicts the occurrence, spread, and treatment of lifestyle and clinical disorders by assaying genetic markers using their proprietary genomic and machine-learning systems.
The company analyses multiple data points such as lifestyle, medical history, physical parameters, blood sample analysis, and genetic issues to diagnose and treat health concerns accurately. It targets individuals aged above 25, especially those trying to boost their immunity levels, enhance overall fitness, and improve gut health. Its SaaS-based nutrition recommendation system is currently awaiting a patent.
The startup has in place both B2C and B2B (corporate clients) subscription models. It also offers wellness organizations and clinics access to its SaaS-based diagnostic solution for a subscription fee.
They are featured in the inc42 “30 startups to watch in July 2021” and have entered the finals for BIRAC BIG program.
Details of the round – The pre-money valuation for the current round is INR 10 cr.
In the current round, the company intends to raise 2.5 cr for an 18 months runway through CCPS. They have got commitments for 1.7 cr from India Accelerator, Lyxel & Flamingo, and individual investors.
The company is looking to raise 80 Lakhs from Lead Angels Network. The minimum commitment to the company is INR 5 Lakhs. In case commitments exceed the ask amount, allotment will be on the “First Come, First Serve” basis.
