About Achira
Achira is a company based in Bengaluru (India) founded in 2009 by Suri Venkatachalam and Dhananjaya Dendukuri.. Achira has raised $10 million across 10 funding rounds from investors including Cipla, Group Lifespring and Marti G Subrahmanyam. The company has 35 employees as of March 29, 2024. Achira offers products and services including ACIX and USelect.
- Headquarter Bengaluru, India
- Employees 35 as on 29 Mar, 2024
- Founders Suri Venkatachalam, Dhananjaya Dendukuri
- Stage Minicorn
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Achira Labs Private Limited
- Date of Incorporation 12 Nov, 2009
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$452.13 K (USD)-74.1as on Mar 31, 2023
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Net Profit
$-537.01 K (USD)-2276.3as on Mar 31, 2023
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EBITDA
$-605.89 K (USD)-1331.89as on Mar 31, 2023
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Total Equity Funding
$10 M (USD)
in 10 rounds
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Latest Funding Round
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Investors
Cipla
& 7 more
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Employee Count
35
as on Mar 29, 2024
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Products & Services of Achira
Achira offers a comprehensive portfolio of products and services, including ACIX and USelect. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
ACIX is identified as a platform for point-of-care testing that employs microfluidics and hydrogel technology
USelect is recognized as a product for assay development and manufacturing in the context of point-of-care solutions
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Funding Insights of Achira
Achira has successfully raised a total of $10M across 10 strategic funding rounds. 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 Total Funding
- Total Rounds 10
- Last Round Last Round
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series B - Achira | Valuation | Cipla |
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| Jun, 2022 | Amount | Series B - Achira | Valuation | Cipla , Group Lifespring | |
| Mar, 2019 | Amount | Series A - Achira | Valuation | Catamaran |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Achira
Achira has secured backing from 8 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Cipla, Group Lifespring and Marti G Subrahmanyam. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Catamaran is engaged in venture capital and private equity investments.
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Founded Year | Domain | Location | |
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APIs, generic drugs, and formulation services are manufactured.
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Founded Year | Domain | Location | |
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The life science and healthcare division of the Nadathur Group, focusing on advanced solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Achira
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Achira
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Achira Comparisons
Competitors of Achira
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Achira
When was Achira founded?
Achira was founded in 2009.
Where is Achira located?
Achira is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Achira?
Dhananjaya Dendukuri is the current CEO of Achira. They have also founded this company.
Is Achira a funded company?
Achira is a funded company, having raised a total of $10M across 10 funding rounds to date. The company's 1st funding round was a Series A of $1.16M, raised on Dec 25, 2009.
How many employees does Achira have?
As of Mar 29, 2024, the latest employee count at Achira is 35.
What is the annual revenue of Achira?
Annual revenue of Achira is $452.13K as on Mar 31, 2023.
What does Achira do?
Provider of diagnostic medical devices for screening Covid 19. Platform combines disposable plastic components with embedded dry reagents and a cloud-connected fluorescent scanner, allowing for efficient testing at the point of care. Company developing fabric-based lateral flow assays that utilize woven materials for diagnostic testing.
What products or services does Achira offer?
Achira offers ACIX and USelect.
Who are Achira's investors?
Achira has 8 investors. Key investors include Cipla, Group Lifespring, Marti G Subrahmanyam, Catamaran, and BIRAC.
What is Achira's valuation?
The valuation of Achira is $3.53M as of Mar 2019.
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