GenWise

GenWise

Digital personal assistant empowering elders with online tasks, payments, shopping, and social networking for greater independence. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€6m (Public information from Apr 2023)
Delhi Delhi (HQ)
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DateInvestorsAmountRound
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$3.5m

Valuation: $7.0m

Seed
Total Funding€3.2m

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GenWise is a startup focused on empowering the elderly to become digitally independent. The company offers a digital personal assistant (PA) designed to help seniors with everyday online tasks such as payments, shopping, bookings, and social networking. This service is particularly beneficial for elderly individuals who may find modern technology challenging but wish to maintain their independence.

GenWise operates in the lifestyle and technology market, specifically targeting the elderly demographic and their younger family members. The platform is exclusive and membership-based, providing a range of services that cater to the unique needs of seniors. By offering a digital assistant, GenWise helps reduce the dependency of elderly individuals on their friends and family for digital tasks, thereby promoting self-sufficiency.

The business model of GenWise revolves around a subscription-based service. Members pay a fee to access the platform and its various services. This model ensures a steady stream of revenue while providing value to its users through continuous support and updates. The company is backed by prominent investors and guided by industry leaders, which adds credibility and resources to its mission.

GenWise makes money through its membership fees, which grant users access to the digital assistant and other platform services. The company may also explore additional revenue streams such as partnerships with service providers and offering premium features for an extra cost.

In summary, GenWise is a tech-driven company dedicated to helping the elderly become more independent in their digital lives. It serves seniors and their families, operates in the lifestyle and technology market, and generates revenue through a subscription-based model.

Keywords: digital assistant, elderly independence, online tasks, membership-based, tech-savvy seniors, lifestyle app, family connectivity, subscription service, digital empowerment, India.