Kunal Shah-Backed GenWise Shuts Down Operations

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SUMMARY

Z47-backed GenWise, the lifestyle app built for India’s senior citizens, has shut down its operations

Cofounder and CEO Nehul Malhotra said that the startup has “paused active operations as other strategic options emerged and are being evaluated for the company”

Per regulatory filings, in FY25, the startup booked a net loss of INR 12.1 Cr on a top line of INR 1 Cr

Z47-backed GenWise, the lifestyle app built for India’s senior citizens, has shut down its…



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Kunal Shah-Backed GenWise Shuts Down Operations


SUMMARY

Z47-backed GenWise, the lifestyle app built for India’s senior citizens, has shut down its operations

Cofounder and CEO Nehul Malhotra said that the startup has “paused active operations as other strategic options emerged and are being evaluated for the company”

Per regulatory filings, in FY25, the startup booked a net loss of INR 12.1 Cr on a top line of INR 1 Cr

Z47-backed GenWise, the lifestyle app built for India’s senior citizens, has shut down its…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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