Great Manager Institute (GMI), a lifetime digital coach and profiler for people managers headquartered in Mumbai, has been recently valued at an amount of INR 38,30,00,000 (approximately 5.5 million USD) by merchant banking firm Choice Capital Advisors. The valuation has been done as per data till the end of the previous quarter.
Based on this valuation, GMI shall convert an undisclosed amount of convertible loan received from its shareholders into equity and shall also issue options to its advisors. It’s using this equity capital to build its technology that can serve global markets. It is also seeking to partner with advisors and investors who can bring more value to its global expansion plans. It aims to raise its further institutional rounds early next financial year.
“We are in the sweet spot between a HR company with access to hundreds of millions of data points and a technology company with the capability to churn data and redefine people management. This makes our offerings very unique, and hence we expect to grow in our valuation and revenue numbers significantly in the coming year. We have clear plans of expansion to Silicon Valley after setting our footprint in India and Sri Lanka.”, says Neelima Gulavani, representative of Great Manager Institute™.
GMI also conducts India’s largest study on people managers, Great People Manager Study, that evaluates organizations and individuals for their people manager effectiveness. Recently, GMI has been in news for roping in Suryanarayana Kodukalla, a Google Veteran, to its Advisory Board. It has also been in news for its partnerships with media bodies Forbes India and Pushstart.
The HR technology industry has seen a boost this year with the acquisition of talent assessment firm Mettl by Mercer, a global consulting leader in advancing health, wealth and career.
