Great Manager Institute (GMI), has raised funding of the amount of 283,000 USD, from a clutch of investor-advisors led by CXOs of technology companies. It was founded in 2017 by Dalreen Patrao, Prasenjit Bhattacharya, and Ashwin Srivastava. Bhattacharya and Patrao are domain leaders while Srivastava is a technology entrepreneur.
The investors include Ramesh Shankar, ex-EVP of Siemens and a veteran HR professional, Bala Malladi, CEO of ACT Fibernet, and Srikanth Karra, CHRO of Mphasis. Karra and Shankar have joined the technical advisory committee, while Malladi has joined the India Advisory Board of Great Manager Institute.
GMI is a lifetime coach and profiler for people managers, using artificially intelligent coaches and a community of experienced human mentors, to provide personalized sustainable learning to people managers. It claims to solve the “how of high trust performance”. It plans to raise another round of investment at a valuation of 15 million USD or higher in the coming months, to help propel its global growth even further. The current raise is expected to go towards branding, technology and research.
Karra, who has previously also been an entrepreneur and angel investor, says, “The new age economy is redefining business models, organizational structures, and delivery models, with a renewed emphasis of leadership. In the middle of these disruptions, the role of a manager is undergoing a change like never before. Collaborative platforms and agile methodologies are redefining the skill sets and roles of the management layer. Great Manager Institute has come out with a timely model of engaging and reskilling the managerial layer which in my view is the spine of an organization.”
Shankar elaborates on the reason of his association, “It is people managers who make the difference between good and great organizations and not technology, brand or anything else. That’s why I decided to be a part of Great Manager Institute.”
Srivastava, cofounder of the company, says about the investors, “It is our honour to have such stalwarts on board to help us create a new ecosystem of people management. They are not with us for their money, but for their value as great leaders who believe in the importance of building trusting relationships.” Patrao, the other co-founder adds, “Amongst the jobs that are definitely going to be there in the future, people management is amongst the top. This is why what we are doing is so important”.