About Bioneeds
Bioneeds is a Healthcare company based in Bengaluru (India) founded in 2006 by Vinay Babu, and was acquired by Veeda Clinical Research in July 2021. GLP-certified pre-clinical CRO services are provided for regulatory testing. Bioneeds has raised $3.73 million across 2 funding rounds from investors including Veeda Clinical Research, Veeda Lifesciences and Canbank VC. The company has 484 employees. Bioneeds was last valued at $13.31 million in December 2015. Its Indian entity Bioneeds India Private Limited reported revenue of ₹105 Cr. Bioneeds offers products and services including Preclinical Drug Development, Biopharmaceutical Testing, Agrochemical Services, REACH Testing, and Clinical Research. Its focus areas include Biopharma Outsourcing, CRO and Drug Discovery.
Company details
Bioneeds was founded in 2006 in Bengaluru, India, as a GLP-certified contract research organization focused on pre-clinical services. Regulatory testing is conducted across sectors including pharmaceuticals, biopharmaceuticals, agrochemicals, industrial chemicals, medical devices, herbals, and nutraceuticals. Offerings encompass GLP toxicology studies, immunogenicity and PK assays, eco-toxicology, phys-chem analysis, and various toxicity evaluations such as cytotoxicity, sensitization, and implantation testing. Operations are centered in India to support global regulatory compliance.
- Headquarters Bengaluru, India
- Employees 484
- Founders Vinay Babu
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website bioneeds.in/Images/Logo.jpg
- Social LinkedIn X Facebook
- Acquired by Veeda Clinical Research (Jul 2021)
- Legal Name Bioneeds India Pvt. Ltd.
- Date of Incorporation 28 Mar, 2007
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹105 Cr
FY 2026 · -16% YoY
- Net Profit₹89.9 Lakh
FY 2026 · 1% margin
- EBITDA₹23.91 Cr
FY 2026 · 23% margin
- Total Equity Funding$3.73M (USD)
in 2 rounds
- InvestorsVeeda Clinical Research
& 2 more
- Employee Count484
- Acquired byVeeda Clinical Research
(Jul 2021)
Associated legal entities of Bioneeds
Bioneeds is associated with 2 registered companies on The Company Check; the primary company is Bioneeds India Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bioneeds India Private Limited CIN U01409KA2007PTC042282 | Active | 28 Mar 2007 | Bangalore, Karnataka | ₹105 Cr | 483 | 10 | View details |
| Veeda Clinical Research Limited CIN U73100GJ2004PLC044023 | Active | 23 Apr 2004 | Ahmedabad, Gujarat | ₹621 Cr | 902 | 18 | View details |
Products & Services of Bioneeds
Bioneeds offers a comprehensive portfolio of products and services, including Preclinical Drug Development, Biopharmaceutical Testing, Agrochemical Services, REACH Testing, and Clinical Research.
Provides IND and NDA enabling studies for pharmaceutical development.
Offers characterization and testing for biopharmaceutical development.
Handles active ingredients and final products for regulatory compliance.
Conducts registration, evaluation, and restriction tests for chemicals.
Supports integrated research from discovery to clinical stages.
Funding Insights of Bioneeds
Bioneeds has successfully raised a total of $3.73M across 2 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 $3.73M
- Total Rounds 2
- First Round $3.73M
(Dec 2015)
- Investors Count 2
All 2 funding rounds of Bioneeds 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 |
|---|---|---|---|---|---|
| Mar 2021 | Series A | – | Veeda Lifesciences | – | |
| Dec 2015 | $3.73M | Series A | $13.31M | Canbank Venture Capital Fund | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2015 | $13.31M | •••••••• |
Last known valuation $13.31M (Dec 2015). 3 investors in total: 3 institutional.
Investors in Bioneeds
Bioneeds has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Veeda Clinical Research, Veeda Lifesciences and Canbank VC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are managed for promising startups. | canbank.vc | Bengaluru, India | ||
Provider of end-to-end CRO solutions for bio pharmaceutical companies | 2004 | veedalifesciences.com | Ahmedabad, India | |
Drug development services encompassing clinical trials, bioanalytical support, and real-world evidence in healthcare. | 2004 | veedacr.com | Ahmedabad, India |
Investor details for Bioneeds
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Verified entity values are shown only after access is granted.
Board of directors of Bioneeds India Private Limited (Bioneeds)
Bioneeds India Private Limited is the primary company behind Bioneeds. The boards of the 2 registered companies of Bioneeds currently have 18 directors; the longest-serving is Paramesh Kumar Kiran, appointed in 2007. 23 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Paramesh Kumar Kiran DIN 01264160 | Director | 28 Mar 2007 | 19 yrs 7 mo | Bioneeds India Private Limited |
| Vivek Chhachhi DIN 00496620 | Nominee Director | 21 Nov 2018 | 7 yrs 11 mo | Veeda Clinical Research Limited |
| Kiran Vithaldas Marthak DIN 00298288 | Director | 17 Aug 2020 | 6 yrs 2 mo | Veeda Clinical Research Limited |
| Nirmal Atmaram Bhatia DIN 09068966 | CFO | 22 Jun 2021 | 5 yrs 4 mo | Veeda Clinical Research Limited, Bioneeds India Private Limited |
| Nitin Jagannath Deshmukh DIN 00060743 | Director | 01 Jul 2021 | 5 yrs 4 mo | Veeda Clinical Research Limited, Bioneeds India Private Limited |
| Jeanne Taylor Hecht DIN 09209900 | Director | 01 Jul 2021 | 5 yrs 4 mo | Veeda Clinical Research Limited |
| Rakesh Bhartia DIN 00877865 | Director | 01 Jul 2021 | 5 yrs 4 mo | Veeda Clinical Research Limited, Bioneeds India Private Limited |
| Shankarappa Nagaraja Vinaya Babu DIN 01373832 | Director | 16 Jul 2021 | 5 yrs 3 mo | Veeda Clinical Research Limited, Bioneeds India Private Limited |
| Chirag Mahesh Sachdev DIN 08567477 | Director | 16 Jul 2021 | 5 yrs 3 mo | Bioneeds India Private Limited |
| Mahesh Kumar Kantilal Bhalgat DIN 07253670 | CEO | 03 Jan 2024 | 2 yrs 10 mo | Veeda Clinical Research Limited |
| Gajendra Narayanappa DIN 08985588 | Company Secretary | 15 Mar 2024 | 2 yrs 7 mo | Bioneeds India Private Limited |
| Tanushree Akshay Agarwal DIN 07160692 | Nominee Director | 09 May 2024 | 2 yrs 6 mo | Veeda Clinical Research Limited |
| Ioannis Orfanidis DIN 10726960 | Nominee Director | 12 Aug 2024 | 2 yrs 2 mo | Veeda Clinical Research Limited |
| David Paul Kenny DIN 10867455 | Director | 11 Dec 2024 | 1 yr 10 mo | Veeda Clinical Research Limited |
| Georgios Kouvatseas DIN 11019257 | Nominee Director | 26 Mar 2025 | 1 yr 7 mo | Veeda Clinical Research Limited |
| Vinayak Prabhakar Shenvi DIN 00694217 | Nominee Director | 13 Aug 2025 | 1 yr 2 mo | Veeda Clinical Research Limited, Bioneeds India Private Limited |
| Binoy Hasmukh Gardi DIN 00298262 | Managing Director | 19 Jan 2026 | 9 mo | Veeda Clinical Research Limited |
| Apurva Bhupendra Shah DIN 00378260 | Director | 30 Mar 2026 | 7 mo | Veeda Clinical Research Limited |
People of Bioneeds
7 people are tracked at Bioneeds (3 in leadership, 4 in team); the tracked headcount is 484.
| Name | Role | Group |
|---|---|---|
Vinay Babu | Founder & Managing Director & CSR | Leadership |
Vinay D. | Head Bioanalytical DMPK | Leadership |
Dr. Vinay Babu | Founder & Managing Director | Leadership |
Harshitha Lakshmi L | Junior Research Associate | Team |
Puneet J. | Manager-business Development | Team |
Avil D'Souza | Senior Research Associate | Team |
Nethravathi K N | Preclinical Research Associate | Team |
Complete people profiles for Bioneeds
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Bioneeds
Figures of Bioneeds India Private Limited, the primary company behind Bioneeds, for FY 2026. Revenue was ₹105 Cr (-16% year on year). Net profit was ₹89.9 Lakh (1% margin). EBITDA was ₹23.91 Cr (23% margin). Revenue has grown at a compounded annual rate of -3% over three years and +10% over five years.
- ₹105 CrRevenue · FY 2026 · -16% YoY
- ₹89.9 LakhNet profit · 1% margin
- ₹23.91 CrEBITDA · 23% margin
- ₹7.38 CrPaid-up capital
- 483Employees (provident fund records)
- -3%Revenue CAGR, 3 years
- +10%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Bioneeds India Private Limited are on its company page.
Detailed financial statements for Bioneeds
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Bioneeds
5 dated milestones of Bioneeds across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Bioneeds is founded.
- Funding First funding round of $3.7M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A,.
- Exit Acquired by Veeda Clinical Research.
Web traffic of Bioneeds
The website of Bioneeds (bioneeds.in) receives about 1.5K visits a month.
- Monthly visits1.5K
▼ 6.7% vs previous month
Top companies in Biopharma Outsourcing & Drug Delivery
3 companies that operate in the same segment as Bioneeds (Biopharma Outsourcing & Drug Delivery) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of integrated contract research development and manufacturing services | 2007 | Bengaluru, Karnataka, India | USD 35.74 M | USD 226.38 M | 2,062 | |
Pharmaceutical and biotechnology company | 2005 | Hyderabad, Telangana, India | USD 229.73 M | USD 726.15 M | 548 | |
India's leading healthcare products distribution platform | 2018 | Mumbai, Maharashtra, India | USD 59.67 M | USD 702.49 M | 557 |
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Frequently Asked Questions about Bioneeds
Bioneeds was founded in 2006 and raised its 1st funding round 9 years after it was founded.
Bioneeds is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Bioneeds is a funded company, having raised a total of $3.73M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.73M, raised on Dec 2015.
Bioneeds has 484 employees.
The primary company behind Bioneeds, Bioneeds India Private Limited, reported revenue of ₹105 Cr for FY 2026, down 16% year on year.
Bioneeds was founded in 2006 in Bengaluru, India, as a GLP-certified contract research organization focused on pre-clinical services. Regulatory testing is conducted across sectors including pharmaceuticals, biopharmaceuticals, agrochemicals, industrial chemicals, medical devices, herbals, and nutraceuticals. Offerings encompass GLP toxicology studies, immunogenicity and PK assays, eco-toxicology, phys-chem analysis, and various toxicity evaluations such as cytotoxicity, sensitization, and implantation testing. Operations are centered in India to support global regulatory compliance.
Bioneeds offers Preclinical Drug Development, Biopharmaceutical Testing, Agrochemical Services, REACH Testing, and Clinical Research.
Bioneeds has 3 investors. Key investors include Veeda Clinical Research, Veeda Lifesciences, and Canbank VC.
The valuation of Bioneeds is $13.31M as of Dec 2015.
Bioneeds is associated with 2 legal entities: Bioneeds India Private Limited, Veeda Clinical Research Limited.
Yes. Bioneeds was acquired by Veeda Clinical Research in July 2021.
The legal entities of Bioneeds currently have 19 directors, including Nirmal Atmaram Bhatia, Apurva Bhupendra Shah, Nitin Jagannath Deshmukh and others.