Genesys International receives an investment of Rs. 250 Cr equity led by Malabar India Fund and other Marquee Investors
Mumbai : Genesys International Corporation, a leader in 3D Mapping content and geospatial solutions announced a Rs. 250 Cr. round of equity investment, which is intended to accelerate the company’s 3D Digital Twin Content Program. The content platform which was launched by NITI AAYOG is creating the most state of art mapping content for India thanks to the landmark new geospatial policy.
The well-received investment round was led by Malabar India Fund with participation from other marquee investors: Mr. Sundar Iyer, Mr. Mathew Cyriac, Mr. Inder Soni, Mr. Vijay Karnani, Mr. Ashish Nanda, Mr. Kamlesh Shah, Ms. Sanjana Deepak Gupta and Ms. Abhinaya Chakravarthi. The proposal was approved at the meeting of the Board of Directors held yesterday. Genesys was the first company in India to launch the street imagery immersive content for all major Indian cities along with an all-India vector map. The Genesys constellation is now India’s largest sensor constellation capable of acquiring terrestrial, oblique and aerial imagery at high speeds and accuracy It recently filed for two patents for the 3D mapping environment. 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.
. ‘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” Sajid Malik Chairman and Managing Director of the company said