Genesys International bags $32 million in the funding round led by Malabar India Fund

• ByStartupStory     |    June 17, 2022

Genesys International Corporation, a provider of 3D mapping material and geospatial solutions, has secured Rs 250 crore ($32 million) in an equity fundraising round led by Malabar India Fund and included other investors. Existing investors, including former Blackstone managing director Mathew Cyriac, took part in the financing.

Genesys International Corporation, based in Mumbai, was the first firm in India to publish street imagery immersive content for all major Indian cities with pan-India vector maps. Its constellation is presently India’s biggest sensor constellation, capable of capturing high-speed and accurate terrestrial, oblique, and aerial pictures. The business has registered for two patents related to the 3D mapping environment, according to the company.

Sajid Malik, chairman and managing director of Genesys International stated that this investment will be a vital catalyst after India’s new geospatial strategy, which has given our capabilities a substantial boost. And the firm believes in assisting leapfrog India’s map ecosystem.

The firm intends to improve its Content-as-a-Service (CaaS) platform in order to create a business model that provides multi-vertical applications to address the changing demands of India’s digital infrastructure ecosystem.

Sumeet Nagar, managing partner at Malabar said that Genesys’ mapping content and integration skills excite us, as do the prospects that India’s digital infrastructure will present in the coming years. And mentioned that the firm is happy to join with Genesys on their drive to offer a high-definition map platform as part of Digital India. It has a staff of over 2,000 people working on a variety of sophisticated mapping materials, and its clients include top big tech, digital enterprises, utilities, and governments.

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