About Discovery Labs
Discovery Labs is a Healthcare company based in Hyderabad (India) founded in 2006. APIs and pharmaceutical ingredients are manufactured by Discovery Labs. Discovery Labs has raised $245.31 thousand across 2 funding rounds from investors including M Vijaya Lakshmi, Y Lakshmi Narayana and J R Mahaveer. Discovery Labs was last valued at $1.4 million in March 2015. Its chief executive, as recorded, is Prashanth Manne. Its Indian entity Discovery Laboratories Private Limited reported revenue of ₹39.29 Cr. Discovery Labs offers products and services including Custom Synthesis, Contract Manufacturing, and Scale Up. Its focus areas include Biopharma Outsourcing, CDMO, Small Molecules & Peptides and API Production. Its competitors include Laurus Labs, Symbiotec and SeQuent; 2 of its 3 listed competitors have raised funding.
Company details
Discovery Labs was established in 2006 in Hyderabad, India. Active pharmaceutical ingredients (APIs) and related pharmaceutical ingredients are produced by the company within the pharmaceutical sector. Operations are centered on manufacturing processes for drug components. The facility supports production for various pharmaceutical applications. Leadership is held by CEO Prashanth Manne, with activities based in India.
- Headquarters Hyderabad, India
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website discoverypharma.com
- Legal Name Discovery Laboratories Private Limited
- Date of Incorporation 12 Dec, 2003
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹39.29 Cr
FY 2025 · +99% YoY
- Net Loss-₹1.36 Cr
FY 2025 · -3% margin
- EBITDA₹2.91 Cr
FY 2025 · 7% margin
- Total Equity Funding$245.31K (USD)
in 2 rounds
- Latest Funding Round$34.78K (USD), Angel Round
Mar 2015
Associated legal entities of Discovery Labs
Discovery Labs operates through Discovery Laboratories Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Discovery Laboratories Private Limited CIN U24239TG2003PTC042219 | Active | 12 Dec 2003 | Hyderabad, Telangana | ₹39.3 Cr | 34 | 2 | View details |
Products & Services of Discovery Labs
Discovery Labs offers a comprehensive portfolio of products and services, including Custom Synthesis, Contract Manufacturing, and Scale Up.
Services for developing molecules from concept to commercialization.
Reliable supply of materials for IP holders in chemical industries.
Scaling molecules to commercial quantities with regulatory compliance.
Funding Insights of Discovery Labs
Discovery Labs has successfully raised a total of $245.31K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $34.78 thousand completed in March 2015. 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 $245,306
- Total Rounds 2
- Last Round Angel Round — $34,784
- First Round $210,522
(Feb 2014)
- Investors Count 16
All 2 funding rounds of Discovery Labs 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 2015 | $34,784 | Angel Round | $1.4M | Venu Gopal, Venu Gopal | |
| Feb 2014 | $210,522 | Angel Round | $1.37M | Nishita Nadella |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2015 | $1.4M | •••••••• |
| Feb 2014 | $1.37M | •••••••• |
Last known valuation $1.4M (Mar 2015). 16 investors in total: 0 institutional and 16 angel.
Investors in Discovery Labs
Discovery Labs has secured backing from 16 investors, including angel investors. Prominent investors backing the company include M Vijaya Lakshmi, Y Lakshmi Narayana and J R Mahaveer.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
MV M Vijaya Lakshmi | unknown_86ab16c13c7b46019 | |||
YL Y Lakshmi Narayana | unknown_5ff2cb280d004ac2a | |||
JR J R Mahaveer | unknown_51d40494512c4744b | |||
NN N Nirupa | unknown_c6d2dc34fbf8446da | |||
NR N Raja Babu Rao | unknown_72b35a4e06e7423fb | |||
RK Ratna Kumari Manda | unknown_53945c0f763642f48 | |||
SM Swapnika M | unknown_dde7d11c194d4dbe9 | |||
SR Seetarama Raju | unknown_340e0fd3e3aa4a05b | |||
YS Y Sandhya Valli | unknown_b67294bdde0045a48 | |||
YR Y Rama Mohan Rao | unknown_196ff09c8aa94ff8a |
Investor details for Discovery Labs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Discovery Laboratories Private Limited (Discovery Labs)
Discovery Laboratories Private Limited is the primary company behind Discovery Labs. The board of Discovery Laboratories Private Limited currently have 2 directors; the longest-serving is Prasanth Manne, appointed in 2003. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prasanth Manne DIN 01560026 | Managing Director | 12 Dec 2003 | 22 yrs 10 mo | Discovery Laboratories Private Limited |
| Nishita Nadella DIN 01559984 | Director | 28 Mar 2009 | 17 yrs 6 mo | Discovery Laboratories Private Limited |
People of Discovery Labs
1 people are tracked at Discovery Labs (1 in leadership).
| Name | Role | Group |
|---|---|---|
Prashanth Manne | CEO | Leadership |
Complete people profiles for Discovery Labs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Discovery Labs
Figures of Discovery Laboratories Private Limited, the primary company behind Discovery Labs, for FY 2025. Revenue was ₹39.29 Cr (+99% year on year). Net loss was -₹1.36 Cr (-3% margin). EBITDA was ₹2.91 Cr (7% margin). Revenue has grown at a compounded annual rate of +12% over three years and -9% over five years.
- ₹39.29 CrRevenue · FY 2025 · +99% YoY
- -₹1.36 CrNet loss · -3% margin
- ₹2.91 CrEBITDA · 7% margin
- ₹8.01 CrPaid-up capital
- 34Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- -9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Discovery Laboratories Private Limited are on its company page.
Detailed financial statements for Discovery Labs
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Discovery Labs
4 dated milestones of Discovery Labs across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Discovery Labs is founded.
- Funding First funding round of $211K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $35K.
Competitors of Discovery Labs
Discovery Labs has 3 listed competitors in our database, 2 of them funded. They include Laurus Labs, Symbiotec and SeQuent.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lauruslabs.com | 2005 | Hyderabad, India | $229.73M | 6,035 | Pharmaceutical and biotechnology company | |
| symbiotec.in | 2002 | Indore, India | $61.01M | 1,822 | Non-sterile steroid hormone-based APIs and intermediates are manufactured. | |
| sequent.in | 2002 | Bengaluru, India | APIs are developed and manufactured for therapeutic areas. |
Detailed competitors of Discovery Labs
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Discovery Labs
The website of Discovery Labs (discoverypharma.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▼ 14.9% vs previous month
Top companies in Biopharma Outsourcing & Drug Delivery
3 companies that operate in the same segment as Discovery Labs (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 | 1,820 | |
Pharmaceutical and biotechnology company | 2005 | Hyderabad, Telangana, India | USD 229.73 M | USD 726.15 M | 12,470 | |
India's leading healthcare products distribution platform | 2018 | Mumbai, Maharashtra, India | USD 59.67 M | USD 702.49 M | 4,260 |
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Related news about Discovery Labs
Complete news archive for Discovery Labs
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Frequently Asked Questions about Discovery Labs
Discovery Labs was founded in 2006 and raised its 1st funding round 8 years after it was founded.
Discovery Labs is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Prashanth Manne is the CEO of Discovery Labs, as recorded in our data.
Discovery Labs is a funded company, having raised a total of $245.31K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $210.52K, raised on Feb 2014.
The primary company behind Discovery Labs, Discovery Laboratories Private Limited, reported revenue of ₹39.29 Cr for FY 2025, up 99% year on year.
Discovery Labs was established in 2006 in Hyderabad, India. Active pharmaceutical ingredients (APIs) and related pharmaceutical ingredients are produced by the company within the pharmaceutical sector. Operations are centered on manufacturing processes for drug components. The facility supports production for various pharmaceutical applications. Leadership is held by CEO Prashanth Manne, with activities based in India.
Discovery Labs's top competitors include Laurus Labs, Symbiotec and SeQuent.
Discovery Labs offers Custom Synthesis, Contract Manufacturing, and Scale Up.
Discovery Labs has 16 investors. Key investors include M Vijaya Lakshmi, Y Lakshmi Narayana, J R Mahaveer, N Nirupa, and N Raja Babu Rao.
The valuation of Discovery Labs is $1.4M as of Mar 2015.
Discovery Labs operates through Discovery Laboratories Private Limited.
The legal entities of Discovery Labs currently have 2 directors, including Nishita Nadella, Prasanth Manne.