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Royal sheikh of Abu Dhabi bets big on genomics



Sheikh Tahnoon Bin Saeed Bin Tahnoon Al Nahyan has signed an investment agreement of an undisclosed amount with Genleap Ecosystem Private Limited, an Indian company that offers a self-discovery platform based on genetics. The company is also in the process of filing for a Schedule 1 IPO at NASDAQ and backed by capital commitments worth $250 million from leading global investor, the Global Emerging Markets Group (GEM).

The company has created a product that combines the power of genetics (via DNA analysis) with psychometrics and a unique dAPP titled YourOneLife.

Zulfiqar Ghadiyali, the Managing Director of the Royal Arab Holdings; the business arm of the private office of Sheikh Tahnoon Bin Saeed Bin Tahnoon Al Nahyan, speaking on the occasion of signing of the alliance said, “Climate change affects the genetic structure of the entire ecology. In our national commitment to address climate change we have been spearheading in the direction of deciphering genomics. This agreement signed with Genleap is our initiative in the direction of remaining at the cutting edge of Genomics combined with AI and blockchain.”

Ghadiyali added that his office is working on adopting and supporting enterprises that align with UN SDGs, and this is a step in that direction.

“For His highness to consider this worthy of his support and agree to lead us as the President of our venture marks a vindication of our journey and packs us with energy to dimension a world where individuals can find their true calling and serve their ambitions, their families, and the society at large,” said Sachin Sandhir, Founder of Genleap in a statement.

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Sandhir adds that in that direction the company’s partner, Royster Resources Pvt Ltd, has created a dApp that tokenizes happiness, that is being adopted in several regions such as South Africa and Europe including India by the All-India Council for Technical Education. “We are charting a go to market strategy together with our partners and have global ambitions with operations set to expand in the US, Middle East, and Europe already. Today we are signing 2 investments, the first being a Royal inward investment into Genleap and second picking up a 51% stake in Royster valued at $20 million,” says Sandhir.Yogi Kochhar, the founder of dApp and the CEO of Royster Resources Pvt Ltd. said, “We help remove the carbon from each individual’s mind as we curate, calibrate and celebrate happiness. Thus, we add a layer of epigenetics to genetics by Genleap. To work with Genleap is then a symbiotic alliance. Not only do we have the app but we are looking to develop a happiness smart watch too.”

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