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.