About Bioneeds
Bioneeds is a company based in Bengaluru (India) founded in 2006 by Vinay Babu was acquired by Veeda Clinical Research in July 2021.. Bioneeds has raised $3.73 million across 2 funding rounds from investors including Veeda Clinical Research, Veeda Lifesciences and Canbank VC. The company has 483 employees as of March 27, 2024. Bioneeds offers products and services including Preclinical Drug Development, Biopharmaceutical Testing, Agrochemical Services, REACH Testing, and Clinical Research. Bioneeds operates in a competitive market with competitors including Evotec, Crown Bioscience, Alloy Therapeutics, Domainex and NIH, among others.
- Headquarter Bengaluru, India
- Employees 483 as on 27 Mar, 2024
- Founders Vinay Babu
- 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 Bioneeds India Pvt. Ltd.
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$8.71 M (USD)-11.6as on Mar 31, 2021
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Net Profit
$-407.43 K (USD)-132.98as on Mar 31, 2021
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EBITDA
$1.24 M (USD)-54.07as on Mar 31, 2021
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Total Equity Funding
$3.73 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Veeda Clinical Research
& 2 more
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Employee Count
483
as on Mar 27, 2024
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Acquired by
Veeda Clinical Research
(Jul 16, 2021)
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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. 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.
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.
Unlock access to complete
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 Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(16 Dec 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series A - Bioneeds | Valuation | Veeda Lifesciences |
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| Dec, 2015 | Amount | Series A - Bioneeds | Valuation | Canbank Venture Capital Fund |
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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 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. 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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Venture capital investments are managed for promising startups.
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Founded Year | Domain | Location | |
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Provider of end-to-end CRO solutions for bio pharmaceutical companies
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Founded Year | Domain | Location | |
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Drug development services encompassing clinical trials, bioanalytical support, and real-world evidence in healthcare.
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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 Bioneeds
| 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 - Bioneeds
| 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 |
Bioneeds Comparisons
Competitors of Bioneeds
Bioneeds operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Evotec, Crown Bioscience, Alloy Therapeutics, Domainex and NIH, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Drug discovery and development services are provided to biopharma sector.
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| domain | founded_year | HQ Location |
Cancer and CVMD drugs are developed using PDX models.
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| domain | founded_year | HQ Location |
Drug discovery services are provided for therapeutic development.
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| domain | founded_year | HQ Location |
Drug discovery CRO company for epigenetic research and inflammatory diseases
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| domain | founded_year | HQ Location |
Drug discovery services are provided to the biopharma sector.
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| domain | founded_year | HQ Location |
Drug discovery and development research services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Bioneeds
Frequently Asked Questions about Bioneeds
When was Bioneeds founded?
Bioneeds was founded in 2006 and raised its 1st funding round 9 years after it was founded.
Where is Bioneeds located?
Bioneeds is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Bioneeds a funded company?
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 16, 2015.
How many employees does Bioneeds have?
As of Mar 27, 2024, the latest employee count at Bioneeds is 483.
What is the annual revenue of Bioneeds?
Annual revenue of Bioneeds is $8.71M as on Mar 31, 2021.
What does Bioneeds do?
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.
Who are the top competitors of Bioneeds?
Bioneeds's top competitors include Evotec, Crown Bioscience and NIH.
What products or services does Bioneeds offer?
Bioneeds offers Preclinical Drug Development, Biopharmaceutical Testing, Agrochemical Services, REACH Testing, and Clinical Research.
Who are Bioneeds's investors?
Bioneeds has 3 investors. Key investors include Veeda Clinical Research, Veeda Lifesciences, and Canbank VC.
What is Bioneeds's valuation?
The valuation of Bioneeds is $13.31M as of Dec 2015.