Inbiopro

Bengaluru, India Founded: 2007 • Age: 19 yrs Minicorn Acquired By Strides Arcolab
Biosimilars and biological therapeutics are developed in India.

About Inbiopro

Inbiopro is a Healthcare company based in Bengaluru (India) founded in 2007, and was acquired by Strides Arcolab in December 2010. Biosimilars and biological therapeutics are developed in India. Inbiopro has raised $31.7 million across 6 funding rounds from investors including Accel, Strides Arcolab and Tenshi Life Sciences. The company has 1,124 employees. Inbiopro was last valued at $57.1 million in May 2017. Its focus areas include Diversified Pharmaceuticals. Its legal entity in India is Stelis Biopharma Private Limited (U24100KA2012PTC063995).

Company details

Inbiopro Solutions, a biopharmaceutical company, develops and manufactures biologicals in India. It offers biosimilars; and therapeutics in the areas of oncology, rheumatoid arthritis, cardio vascular diseases, and others. The company also provides molecular biology outsourcing solutions, including de novo gene synthesis, gene cloning, DNA construct, plasmid preparation, and site directed mutagenesis. In addition, it provides tools for the creation and characterization of stable cell lines expressing a gene of interest; transient transfection; assay development and screening; analytical servicesprotein characterization; and purity analysis services. Its biologics are made accessible through a network of licensing partnerships.

Key Metrics
  • Annual Revenue
    $3.02 M (USD)
    875
    as on Mar 31, 2021
  • Net Profit
    -$16.28 M (USD)
    14
    as on Mar 31, 2021
  • EBITDA
    -$9.48 M (USD)
    15
    as on Mar 31, 2021
  • Total Equity Funding
    $31.7M (USD)

    in 6 rounds

  • Latest Funding Round
    $11.26M (USD), Series A

    May 2017

  • Investors
    Accel

    & 9 more

  • Employee Count
    1,124
  • Acquired by

Funding Insights of Inbiopro

Inbiopro has successfully raised a total of $31.7M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $11.26 million completed in May 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 $31.7M
  • Total Rounds 6
  • Last Round Series A β€” $11.26M
  • First Round $581,175

    (Dec 2007)

  • Investors Count 10

All 6 funding rounds of Inbiopro with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
May 2017$11.26MSeries A$57.1MTenshi Life Sciences
Feb 2016$19.02MSeries A$42.49Mgmspharmaceuticals
Jul 2010$123,393Angel Round$β€’β€’β€’β€’β€’B K Iyer
Jun 2009$515,465Seed$β€’β€’β€’β€’β€’Accel
–
Dec 2008$195,676Seed$β€’β€’β€’β€’β€’Accel
–
Dec 2007$581,175Seed$β€’β€’β€’β€’β€’Accel
Valuation history
DateValuationStage
May 2017$57.1Mβ€’β€’β€’β€’β€’β€’β€’β€’
Feb 2016$42.49Mβ€’β€’β€’β€’β€’β€’β€’β€’
Jul 2010$β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’
Jun 2009$β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’
Dec 2008$β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’
Dec 2007$β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’
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Full valuation and stage history of Inbiopro

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Last known valuation $57.1M (May 2017). 10 investors in total: 4 institutional and 6 angel.

Investors in Inbiopro

Inbiopro has secured backing from 10 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Accel, Strides Arcolab and Tenshi Life Sciences.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Accel is recognized as a leading venture capital firm.
1983accel.comPalo Alto, United States
Delivers advanced finished dosage pharmaceuticals using global infrastructure and quality systems.
2007tenshi.co.inBengaluru, India
Manufacturer of IP-led niche finished dosage formulations and soft gelatin capsules
1990stridesarco.comBengaluru, India
Provides research, development, and manufacturing of pharmaceutical drugs.
gmspharmaceuticals.comChina

B K Iyer

unknown_8323b138ff3a41a7b

Tanya Julka

unknown_dc05dbb2db0c414fb

Sunil Edwards

unknown_5363e4106bdd4353a

Manohar Varun Raj

unknown_163054e142934c238

Menaka Gubbi

unknown_b5f39106211a46c2a

Pradeep Tharakan

unknown_dd271a1aa23648e7a
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Investor details for Inbiopro

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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Verified entity values are shown only after access is granted.

Board of directors of Stelis Biopharma Private Limited (Inbiopro)

Stelis Biopharma Private Limited is the primary company behind Inbiopro. The board of Stelis Biopharma Private Limited currently have 2 directors; the longest-serving is Sudhir Krishna Kanchan, appointed in 2012. 1 earlier director has ceased.

DirectorDesignationAppointedTenureEntity
Sudhir Krishna Kanchan
DIN 01606191
Director16 May 201214 yrs 5 moStelis Biopharma Private Limited
Joe Thomas Mangalam
DIN 00468077
Additional Director06 Mar 201412 yrs 7 moStelis Biopharma Private Limited

Timeline of Inbiopro

5 dated milestones of Inbiopro across 10 years, from founding to its latest funding, stage changes and deals.

  1. Founded Inbiopro is founded.
  2. Funding First funding round of $581K.
  3. Milestone Reaches Minicorn status.
  4. Exit Acquired by Strides Arcolab.
  5. Funding Latest funding round, Series A, of $11.3M.
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Frequently Asked Questions about Inbiopro

Inbiopro was founded in 2007.

Inbiopro is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Inbiopro is a funded company, having raised a total of $31.7M across 6 funding rounds to date. The company's 1st funding round was a Seed of $581.18K, raised on Dec 2007.

Inbiopro has 1,124 employees.

Annual revenue of Inbiopro is $3.02M as on Mar 31, 2021.

Inbiopro Solutions, a biopharmaceutical company, develops and manufactures biologicals in India. It offers biosimilars; and therapeutics in the areas of oncology, rheumatoid arthritis, cardio vascular diseases, and others. The company also provides molecular biology outsourcing solutions, including de novo gene synthesis, gene cloning, DNA construct, plasmid preparation, and site directed mutagenesis. In addition, it provides tools for the creation and characterization of stable cell lines expressing a gene of interest; transient transfection; assay development and screening; analytical servicesprotein characterization; and purity analysis services. Its biologics are made accessible through a network of licensing partnerships.

Inbiopro has 10 investors. Key investors include Accel, Strides Arcolab, Tenshi Life Sciences, gmspharmaceuticals, and B K Iyer.

The valuation of Inbiopro is $57.1M as of May 2017.

Inbiopro operates through Stelis Biopharma Private Limited.

Yes. Inbiopro was acquired by Strides Arcolab in December 2010.

The legal entities of Inbiopro currently have 2 directors, including Joe Thomas Mangalam, Sudhir Krishna Kanchan.

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