Answer Genomics raises funds from India Accelerator and Lyxel&Flamingo
Founded in 2018, the startup was a part of IA’s seed-stage accelerator program. As per a statement released by the company, Answer Genomics merges genomic, physiological, and physical parameters to offer the most extensive picture of present and future health.
Speaking about the investment, Anjan Bose, Lead Mentor, Health-Tech vertical at IA, said, “Genomics Research is crucial in providing a precise and personalized form of treatment for chronic lifestyle conditions. We believe that our decision to mentor Answer Genomics has the potential to offer a revolutionary product to the market.”
“The immense potential of such a startup to leverage new cutting-edge technologies should result in more accurate prediction of outcomes from health interventions to further ensure better treatment.”
According to the official statement, the startup will be operational in four distinct phases to achieve the potential of AI and machine learning. The startup has already completed phase 1 and launched its first product #NGH-768’ recently under the brand name “NuGenomics”.
At present, the company is partnering with organizations to extend its services to employees as well as to individuals who can register on the platform and get personalized nutrition and superfood suggestions after comprehensive genetic diagnostics.
Dev Batra, Founder, Lyxel&Flamingo added, “It is well understood that our lifestyle choices make a huge difference to our health and are responsible for most of our ailments. But, there’s one other vital aspect of this narrative that’s still not very well understood – Genetic Makeup. While the world has started making steady progress in unraveling the genetic code, it is still not at a stage where individuals would know and understand their genetic makeup to the degree that enables them to make informed choices about their eating and living habits.”
“We believe Answer Genomics is a promising startup that hopes to bring the science of genomics for retail consumption so that every Indian can get to know more about their body’s natural predispositions and accordingly make the right choices vis-à-vis their diet and lifestyle. We found Rahul, Bala, and the team extremely passionate and committed to chasing a vision that blends the decoding of genetic data with machine learning to deliver customized diet and lifestyle advice to everyone who seeks to attain their true potential”.
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