About Adroit Biomed
Adroit Biomed is a company based in Mumbai (India) founded in 2010 by Ajit Marathe and Sushant Raorane was acquired by Alkem Laboratories in February 2025.. Adroit Biomed has raised $1.24 million across 1 funding round from investors including Alkem Laboratories, PharmaServ and Kinedexe UK. The company has 135 employees as of April 05, 2024. Adroit Biomed offers products and services including SkinFay Cream and Glutone Skin Lightening.
- Headquarter Mumbai, India
- Employees 135 as on 05 Apr, 2024
- Founders Ajit Marathe, Sushant Raorane
- Stage Minicorn
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Sectors
Healthcare
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Phone
*********
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Website
*********
- Legal Name Adroit Biomed Limited
- Date of Incorporation 10 Dec, 2009
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$5.81 M (USD)27.86as on Mar 31, 2023
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Net Profit
$237.08 K (USD)-6.19as on Mar 31, 2023
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EBITDA
$306.25 K (USD)-43.72as on Mar 31, 2023
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Total Equity Funding
$1.24 M (USD)
in 1 rounds
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Latest Funding Round
$1.24 M (USD), Seed
Apr 20, 2017
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Investors
Alkem Laboratories
& 2 more
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Employee Count
135
as on Apr 05, 2024
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Acquired by
Alkem Laboratories
(Feb 08, 2025)
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Products & Services of Adroit Biomed
Adroit Biomed offers a comprehensive portfolio of products and services, including SkinFay Cream and Glutone Skin Lightening. 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.
SkinFay Cream is utilized as a cerapeutic moisturizer containing Ectoine, where hydration, protection, and repair benefits are provided for various skin types
Glutone Skin Lightening is employed as a glutathione-based solution, where skin tone management is addressed using Setria Glutathione in formulations
Funding Insights of Adroit Biomed
Adroit Biomed has successfully raised a total of $1.24M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.24 million completed in April 2017. 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 1
- Last Round Seed — $1.2M
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First Round
First Round
(20 Apr 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2017 | Amount | Seed - Adroit Biomed | Valuation | PharmaServ , Kinedexe |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adroit Biomed
Adroit Biomed has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Alkem Laboratories, PharmaServ and Kinedexe UK. 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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Business management consulting services are provided to pharmaceutical firms.
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Founded Year | Domain | Location | |
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Pharmaceutical generics, formulations, and nutraceuticals are manufactured for therapeutic segments.
|
Founded Year | Domain | Location | |
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Kinedexe UK Ltd is based in Hillingdon, UK.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
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 Adroit Biomed
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Adroit Biomed
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adroit Biomed Comparisons
Competitors of Adroit Biomed
| 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 Adroit Biomed
When was Adroit Biomed founded?
Adroit Biomed was founded in 2010 and raised its 1st funding round 7 years after it was founded.
Where is Adroit Biomed located?
Adroit Biomed is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Adroit Biomed a funded company?
Adroit Biomed is a funded company, having raised a total of $1.24M across 1 funding round to date. The company's 1st funding round was a Seed of $1.24M, raised on Apr 20, 2017.
How many employees does Adroit Biomed have?
As of Apr 05, 2024, the latest employee count at Adroit Biomed is 135.
What is the annual revenue of Adroit Biomed?
Annual revenue of Adroit Biomed is $5.81M as on Mar 31, 2023.
What does Adroit Biomed do?
Adroit Biomed Ltd was established in 2010 in Mumbai, India, as a pharmaceutical healthcare company. Operations center on dermato-cosmetology, where products including SkinFay Cream and Racine Hair Lotion are manufactured. These items are designed to deliver hydration, reinforce skin barriers, boost collagen, and offer protection against UV and IR exposure for both skin and hair applications. The company maintains its base in the Indian pharmaceutical sector.
What products or services does Adroit Biomed offer?
Adroit Biomed offers SkinFay Cream and Glutone Skin Lightening.
Who are Adroit Biomed's investors?
Adroit Biomed has 3 investors. Key investors include Alkem Laboratories, PharmaServ, and Kinedexe UK.
What is Adroit Biomed's valuation?
The valuation of Adroit Biomed is $3.05M as of Apr 2017.