GrowthEX Acquires Technology Platform Leapwired for an Undisclosed Sum

GrowthEX, a home grown global platform enabling Personal Wellness, has today announced the technology acquisition of Leapwired (Three Fat Monks Technologies Pvt Ltd.) , a platform connecting counsellors with the users, for the undisclosed sum.

"GrowthEX is witnessing MoM growth of more than 20%. Customer value add and strong community engagement are the areas that keep us ahead of competition. The acquisition will strengthen our ability to create more engaging internal and customer facing communities. This would enhance our customer engagement, which already stands at a customer spending more than 31 minutes on the platform on an average, spanning across India, Qatar, Brazil, Nigeria and Singapore. In addition, it improves the Counsellor Experience on the platform," says Varun Saxena, CEO, GrowthEX.

"We are working towards making Personal Wellness and Online Counselling much more scientific and personalized in days to come. Platform will use the power of data and peer engagement, and leverage Predictive Analytics & Artificial Intelligence, to come up with proactive solutions for users, which may be used to enrich wellness at all the levels." adds Varun.

With the market of Personal Wellness and Online Counselling expected to cross $3 billion in India itself within next 3-4 years, Team GrowthEX believes that this is the ripe time to convert the latent demand of services into a value add which brings smiles to every individual, who gets touched by the Online Counselling and Programs offered by them.

GrowthEX is competing with the likes of Your Dost and Lybrate, who are trying to impact the lives of the customers in their own way in the space. "However, when we compare the customer engagement and other metrics, we are happy to be among the first couple of names which a customer thinks of, when he plans to go for Personal Wellness and Online Counselling services," says Ayesha Raval, Head-Strategic Marketing, GrowthEX.

GrowthEX also announced an angel investment of undisclosed amount 2 months back.

GrowthEX, A Global Platform Enabling Personal and Professional Growth, Gets Angel Funding

GrowthEX, a global platform enabling Personal and Professional Growth through Online Counselling, Programs and Peer Engagement, nurtured by an online and offline community of learners sharing common growth goals; has raised an undisclosed amount of funding from a clutch of angel investors.

GrowthEX today has more than 100,000+ users, 5000+ Counsellors and 1000+ Programs. In addition to India, platform already has paying users from countries like Singapore, Qatar, Brazil and Nigeria, making it a global platform in a short span of time.

GrowthEX Community boasts of a strong user engagement with a user spending more than 12 minutes daily on an average on the platform, with a strong 40% non incentivised referral rate. More than 80% of the content distribution is in the form of videos and 58% of the content usage is through mobiles. More than 4,00,000 hours of counselling has been provided to the users till date.

"We believe that mental health can be fostered for an individual only with a strongly blended personal and professional growth, and that is where the spectrum of Programs, counsellors, influencers and community meets help our users.", says Varun Saxena, CEO, GrowthEX. Varun Saxena is an MBA from one of the country's reputed B School, NITIE Mumbai and also holds B.Tech from a premier government institute. He had more than 4 years of industry experience working with CIOs and CMOs of US and European clients, before starting his own venture. He is also the author of couple of academic books and a motivational speaker.

"Some of the top experts have been earning upto INR 2 lac per program already merely by following their passion and it has encouraged plethora of industry stalwarts, ranging from Psychologists to Skill Up Experts to Psychiatrists to Investment Bankers to Relationship Counsellors to IIT & IIM graduates to Consultants from Big 4 to retired Defence Personnel to host their programs or to join as counsellors.", adds Varun.

In addition to traditional programs providing professional development and career enhancement programs, GrowthEX offers programs and services in some of the very unique areas within Life and Relationships, ranging from Body Language while Dating to How to overcome a break up to counselling over topics like Extra Marital Affairs and Sexual Wellness. This is coupled with the availability of industry influencers offering counselling in areas like Profile Building, Entrepreneurship, Creativity, Test Prep and Language Learning.

"Stress, due to both personal and professional reasons is becoming the part of an individual's life. While people are struggling in Relationships on one side, they are worried about the career on the other. This coupled with cultural reasons of not sharing these issues with experts, has further impacted the lives. We aim at making GrowthEX a lifestyle product, which enables everyone to grow and stay stress free.", says Ayesha Raval, Head - Strategic Marketing and PR, GrowthEX.

"We are in a service based sector and believe strongly that the perfect execution of the ideas, customer satisfaction and proactively working on what our customers need is the true differentiator and the barrier for the competition. Technology and features are something which anyone can develop with capital in hand, but it is the trust of customers through strong offline and online engagement and the value they find in our offerings, that makes us stand apart ." says Varun.

"Excellence in operations and delivery of programs has been our another strong differentiator. 94% program completion rate reflects customer satisfaction with our delivery model and ensures us staying ahead of competition." adds Ayushi Marwah, Head - Operations, GrowthEX.

In addition to 9 member strong team, GrowthEX also has Mr. Subinder Khurana in its advisory board. Subinder is currently a Member of the Board at TiE Delhi, member of NASSCOM Product Council, and was earlier the Chair of TiE Entrepreneurship Nurturing Program and a NASSCOM-Emerge Mentor.

Raised funds will be used to scale up the number of experts and programs on the platform, enhance technology and multi fold increase the community engagement initiatives, which serve as one of the major customer acquisition channels.

"We are on a mission to reduce the stress from lives by enabling personal and professional growth. In next 3 years, we see every 3rd Indian house to have a user of GrowthEX, either as a learner or a counsellor. And atleast every 10th house of all the major South Asian countries to have our user." says Varun.

"We are also in advanced discussions with some of the reputed institutional funds for the next round. The next round of raised funds will primarily be targeted at exponential growth, both in India and South Asian countries. All our customers from outside India have so far been coming through referrals and we plan to take a step towards marketing in those countries too. We have been organically growing at a healthy rate MoM basis and future rounds will enable us to bring in the multifold increase in growth rate," adds Varun in the concluding remarks.