Years old but hey, I'll chime in with my foolproof method with Genymotion.
Download the Charles free trial: http://www.charlesproxy.com/download/
Install it
ClickProxy -> Throttle Settings
Set up your HTTP throttled speeds
Close that window
Click Proxy -> Throttling
to enable the throttle
Open up a Genymotion emulator
Open the wifi settings
Long press the enabled wifi connection
Click Modify Network
Click Show Advanced Options
Set Proxy
to Manual
Set the Proxy hostname
to 10.0.3.2
Set the Port
to 8888
Click Save
And now your network will be throttled!