About Igenetic
Igenetic is a company based in Mumbai (India) founded in 2013 by Siddharth Patodia.. Igenetic has raised $24.04 million across 4 funding rounds from investors including Manipal Group, British International Investment and Thomas C Barry. The company has 241 employees as of April 08, 2024. Igenetic operates in a competitive market with competitors including Thyrocare, Vijaya Diagnostic Centre, Suraksha Diagnostics, Krsnaa Diagnostics and Medall, among others.
- Headquarter Mumbai, India
- Employees 241 as on 08 Apr, 2024
- Founders Siddharth Patodia
- Stage Minicorn
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Igenetic Diagnostics Private Limited
- Date of Incorporation 12 Dec, 2013
- Jurisdiction Banglore, Karnataka, India
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Annual Revenue
$6.4 M (USD)92.15as on Mar 31, 2021
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Net Profit
$47.59 K (USD)102.84as on Mar 31, 2021
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EBITDA
$242.25 K (USD)116.43as on Mar 31, 2021
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Total Equity Funding
$24.04 M (USD)
in 4 rounds
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Latest Funding Round
$1.22 M (USD), Series A
Jan 23, 2020
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Investors
Manipal Group
& 35 more
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Employee Count
241
as on Apr 08, 2024
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Acquired by
(Oct 22, 2024)
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Funding Insights of Igenetic
Igenetic has successfully raised a total of $24.04M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.22 million completed in January 2020. 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 4
- Last Round Series A — $1.2M
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First Round
First Round
(31 Mar 2015)
- Investors Count 36
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series A - Igenetic | Valuation | British International Investment | |
| Feb, 2017 | Amount | Series A - Igenetic | Valuation | Manipal Group , British International Investment |
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| Jan, 2016 | Amount | Seed - Igenetic | Valuation | Nita Mirchandani |
| 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 Igenetic
Igenetic has secured backing from 36 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Manipal Group, British International Investment and Thomas C Barry. 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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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location | |
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High-growth businesses are targeted for investment by SFG Ventures.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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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 Igenetic
| 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 - Igenetic
| 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 |
Igenetic Comparisons
Competitors of Igenetic
Igenetic 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 Thyrocare, Vijaya Diagnostic Centre, Suraksha Diagnostics, Krsnaa Diagnostics and Medall, 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 |
Diagnostic testing centers for pathology and health screenings are operated.
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| domain | founded_year | HQ Location |
Diagnostic services are offered via a chain of centers.
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| domain | founded_year | HQ Location |
Pathology, molecular diagnostics, and imaging services are provided.
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| domain | founded_year | HQ Location |
Chain of radiology & pathology laboratory centers
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| domain | founded_year | HQ Location |
Medical diagnostic services are provided through a chain of centres.
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| 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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Latest news on Igenetic
Frequently Asked Questions about Igenetic
When was Igenetic founded?
Igenetic was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Igenetic located?
Igenetic is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Igenetic a funded company?
Igenetic is a funded company, having raised a total of $24.04M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.05M, raised on Mar 31, 2015.
How many employees does Igenetic have?
As of Apr 08, 2024, the latest employee count at Igenetic is 241.
What is the annual revenue of Igenetic?
Annual revenue of Igenetic is $6.4M as on Mar 31, 2021.
What does Igenetic do?
Igenetic was founded in 2013 in Mumbai, India, and operates in the molecular diagnostics sector. Tests for genetic analysis in oncology, neurology, and infectious diseases are offered by the company. In-house development of tests and products is also supported through its capabilities. Services focus on healthcare applications across these medical fields.
Who are the top competitors of Igenetic?
Igenetic's top competitors include Thyrocare, Krsnaa Diagnostics and Suraksha Diagnostics.
Who are Igenetic's investors?
Igenetic has 36 investors. Key investors include Manipal Group, British International Investment, Thomas C Barry, Mahesh Chhabria, and Pratik Jain.
What is Igenetic's valuation?
The valuation of Igenetic is $21.44M as of Jan 2020.