About Accumax
Accumax is a Healthcare company based in Gandhinagar (India) founded in 2002 by Tejas Shah and Chirag Shah. Laboratory instruments and consumables are manufactured for scientific use. Accumax has raised $68 million across 1 funding round from investors including Creador, Moringa Partnership and Gandaraditya Chola. Its website accumaxlab.com draws about 23 thousand monthly visits. Accumax offers products and services including FAB Pipette, Screw Cap Tubes, Green MAX Tip Racks, iFuge C4000 NXT, and Bioprocess Solutions. Its focus areas include Life Sciences, Life Sciences Platforms and Tools, Instruments and Diversified. Its legal entity in India is Accumax Lab Devices Private Limited (U33125GJ2017PTC099233).
Company details
Accumax was founded in 2002 in Gandhinagar, India, as a manufacturer within the laboratory solutions sector. Operations center on the production of liquid handling instruments, plastic consumables, and benchtop equipment. These products support research and testing environments, with distribution handled through the companys domain, accumaxlab.com. Leadership includes co-founders Tejas Shah and Chirag Shah.
- Headquarters Gandhinagar, India
- Founders Tejas Shah, Chirag Shah
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website accumaxlab.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Accumax Lab Devices Private Limited
- Date of Incorporation 26 Sep, 2017
- Jurisdiction Gandhinagar, Gujarat, India
- Total Equity Funding$68M (USD)
in 1 rounds
- Latest Funding Round$68M (USD), Series C
May 2022
- InvestorsCreador
& 3 more
Associated legal entities of Accumax
Accumax operates through Accumax Lab Devices Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Accumax Lab Devices Private Limited CIN U33125GJ2017PTC099233 | Amalgamated | 26 Sep 2017 | Gandhinagar, Gujarat | 6 | View details |
Products & Services of Accumax
Accumax offers a comprehensive portfolio of products and services, including FAB Pipette, Screw Cap Tubes, Green MAX Tip Racks, iFuge C4000 NXT, and Bioprocess Solutions.
Precise pipette for ergonomic liquid measurement in labs.
Tubes for secure sample storage and protection.
Racks for efficient pipette tip management.
Centrifuge for clinical sample preparation.
Components for fluid transfer in bioprocessing.
Apps and channels of Accumax
its YouTube channel Accumax Lab Devices has 1.15K subscribers and 30 videos.
Videos from Accumax
The most watched videos on Accumax's YouTube channel, Accumax Lab Devices (1.15K subscribers). Click a video to play it here.
More on Accumax Lab Devices .
Funding Insights of Accumax
Accumax has successfully raised a total of $68M through 1 strategic funding round. The most recent funding activity was a Series C round of $68 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $68M
- Total Rounds 1
- Last Round Series C — $68M
- First Round $68M
(May 2022)
- Investors Count 4
All 1 funding rounds of Accumax with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $68M | Series C | – | Moringa |
4 investors in total: 3 institutional and 1 angel.
Investors in Accumax
Accumax has secured backing from 4 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Creador, Moringa Partnership and Gandaraditya Chola.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment firm focusing on partnerships in consumer, healthcare, and business services across Southeast Asia and India. | 2011 | creador.com | Kuala Lumpur, Malaysia | |
Private equity firm focused on life sciences investments in India. | 2005 | invascent.com | ||
Investments in agroforestry projects are managed by Moringa fund. | moringapartnership.com | |||
GC Gandaraditya Chola | unknown_f73e102aed084669b |
Investor details for Accumax
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Accumax Lab Devices Private Limited (Accumax)
Accumax Lab Devices Private Limited is the primary company behind Accumax. The board of Accumax Lab Devices Private Limited currently have 6 directors; the longest-serving is Giraben Chirag Shah, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Giraben Chirag Shah DIN 02562280 | Director | 26 Sep 2017 | 9 yrs 1 mo | Accumax Lab Devices Private Limited |
| Bhupendra Shantilal Shah DIN 02562310 | Director | 26 Sep 2017 | 9 yrs 1 mo | Accumax Lab Devices Private Limited |
| Tejas Bhupendra Shah DIN 02562319 | Director | 26 Sep 2017 | 9 yrs 1 mo | Accumax Lab Devices Private Limited |
| Nirali Tejas Shah DIN 02562327 | Director | 26 Sep 2017 | 9 yrs 1 mo | Accumax Lab Devices Private Limited |
| Deshal Chirag Shah DIN 07903611 | Director | 26 Sep 2017 | 9 yrs 1 mo | Accumax Lab Devices Private Limited |
| Chirag Narendra Shah DIN 02583300 | Director | 26 Sep 2017 | 9 yrs 1 mo | Accumax Lab Devices Private Limited |
People of Accumax
2 people are tracked at Accumax (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Accumax
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Accumax
2 dated milestones of Accumax across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Accumax is founded.
- Funding First funding round of $68.0M.
Web traffic of Accumax
The website of Accumax (accumaxlab.com) receives about 22.6K visits a month.
- Monthly visits22.6K
▲ 8.8% vs previous month
Websites whose visitors overlap most with Accumax. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
stirrers.net | stirrers.net | 100% | – | ||
| celltreat.com | 70% | 35.5K | #913,697 | View details | |
| karnavatiuniversity.edu.in | 48% | 170.5K | #248,181 | View details | |
| himedialabs.com | 48% | 284.7K | #167,428 | View details |
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Related news about Accumax
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Frequently Asked Questions about Accumax
Accumax was founded in 2002 and raised its 1st funding round 20 years after it was founded.
Accumax is headquartered in Gandhinagar, India. It is registered at Gandhinagar, Gujarat, India.
Accumax is a funded company, having raised a total of $68M across 1 funding round to date. The company's 1st funding round was a Series C of $68M, raised on May 2022.
Accumax was founded in 2002 in Gandhinagar, India, as a manufacturer within the laboratory solutions sector. Operations center on the production of liquid handling instruments, plastic consumables, and benchtop equipment. These products support research and testing environments, with distribution handled through the companys domain, accumaxlab.com. Leadership includes co-founders Tejas Shah and Chirag Shah.
Accumax offers FAB Pipette, Screw Cap Tubes, Green MAX Tip Racks, iFuge C4000 NXT, and Bioprocess Solutions.
Accumax has 4 investors. Key investors include Creador, Moringa Partnership, Gandaraditya Chola, and InvAscent.
Accumax operates through Accumax Lab Devices Private Limited.
The legal entities of Accumax currently have 6 directors, including Giraben Chirag Shah, Bhupendra Shantilal Shah, Tejas Bhupendra Shah and others.