Genleap AI commences pre-IPO placement in India, targets Rs 100 crore fundraise

Genleap AI has said that it has commenced its pre-IPO placement in India ahead of its Regulation A+ IPO in the US. The company aims to raise Rs 100 crore through invitations extended to high net worth individuals (HNIs). Genleap AI, that provide personalized recommendations on personal development, education, and careers, is also seeking strategic partnerships with investment banks and chartered accountants to expand its investor base.

With a presence in both the US and India, Genleap AI is keen on tapping into India's rapidly growing wealth sector. We plans to use money raised from the pre-IPO placement on expansion, the company said in a statement.

By the end of August, Genleap AI plans to file its prospectus with the US Securities and Exchange Commission, it said.


"We're thrilled to be reaching out to Indian HNI investors at this critical juncture in our journey. The potential for growth in the Indian wealth sector is immense, and we're looking forward to forging robust relationships with these investors and strategic partners, such as investment banks and chartered accountants," Sachin Sandhir, Founder and CEO at Genleap AI, said about the company's plans.

"The potential for growth in the Indian wealth sector is immense, and we're looking forward to forging robust relationships with these investors and strategic partners, such as investment banks and chartered accountants," Sandhir said.