About InnAccel
InnAccel is a company based in Bengaluru (India) founded in 2012 by Vibhav Joshi, Sumedh Kaulgud, Nitesh Kumar Jangir, Vijayarajan Alagumalai, and Siraj Dhanani.. InnAccel has raised $6.06 million across 6 funding rounds from investors including ACT Grants, Mount Judi Ventures and B K Achutha. The company has 41 employees as of April 05, 2024. InnAccel offers products and services including VapCare, Fetal Lite, and SAANS. InnAccel operates in a competitive market with competitors including Attune Medical, ZOLL AEDs, Janitri, Glucoset and Inspiration Healthcare, among others.
- Headquarter Bengaluru, India
- Employees 41 as on 05 Apr, 2024
- Founders Vibhav Joshi, Sumedh Kaulgud, Nitesh Kumar Jangir, Vijayarajan Alagumalai, Siraj Dhanani
- 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 Innaccel Technologies Private Limited
- Date of Incorporation 01 Oct, 2012
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.41 M (USD)44.69as on Mar 31, 2023
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Net Profit
$-1.29 M (USD)0.18as on Mar 31, 2023
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EBITDA
$-544.92 K (USD)5.23as on Mar 31, 2023
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Total Equity Funding
$6.06 M (USD)
in 6 rounds
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Latest Funding Round
$572.58 K (USD), Angel Round
Apr 08, 2022
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Investors
ACT Grants
& 25 more
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Employee Count
41
as on Apr 05, 2024
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Products & Services of InnAccel
InnAccel offers a comprehensive portfolio of products and services, including VapCare, Fetal Lite, and SAANS. 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.
Automated system for secretion management in ventilated patients.
AI-powered monitor for fetal heart rate during labor.
Portable CPAP for neonatal breathing support in remote areas.
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Funding Insights of InnAccel
InnAccel has successfully raised a total of $6.06M across 6 strategic funding rounds. The most recent funding activity was a Angel Round round of $572.58 thousand completed in April 2022. 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 6
- Last Round Angel Round — $572,581
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First Round
First Round
(27 Jan 2016)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Angel Round - InnAccel | Valuation | B K Achutha , Vijay Prasad | |
| Apr, 2021 | Amount | Series A - InnAccel | Valuation | Mount Judi Ventures | |
| Oct, 2020 | Amount | Series A - InnAccel | Valuation | Mount Judi Ventures |
| 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 InnAccel
InnAccel has secured backing from 26 investors, including angel and venture fund investors. Prominent investors backing the company include ACT Grants, Mount Judi Ventures and B K Achutha. 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 in ethical businesses and high-growth sectors in India.
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Founded Year | Domain | Location | |
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Seed capital grants are provided to incubate and accelerate innovations.
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Founded Year | Domain | Location | |
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Investments in technology companies are managed by iTekniqs fund.
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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 InnAccel
| 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 - InnAccel
| 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 |
Innaccel Comparisons
Competitors of InnAccel
InnAccel 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 Attune Medical, ZOLL AEDs, Janitri, Glucoset and Inspiration Healthcare, 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 |
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| domain | founded_year | HQ Location |
Patient temperature is modulated via esophageal cooling devices.
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| domain | founded_year | HQ Location |
Medical devices and software for emergency care are developed.
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| domain | founded_year | HQ Location |
Developer of medical-grade monitoring solutions for fetal, maternal, and newborn health
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| domain | founded_year | HQ Location |
Continuous intravascular blood glucose monitoring devices are developed.
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| domain | founded_year | HQ Location |
Medical devices for intensive care units are developed.
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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 Innaccel
Frequently Asked Questions about InnAccel
When was InnAccel founded?
InnAccel was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is InnAccel located?
InnAccel is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of InnAccel?
Siraj Dhanani is the current CEO of InnAccel. They have also founded this company.
Is InnAccel a funded company?
InnAccel is a funded company, having raised a total of $6.06M across 6 funding rounds to date. The company's 1st funding round was a Series A of $1.72M, raised on Jan 27, 2016.
How many employees does InnAccel have?
As of Apr 05, 2024, the latest employee count at InnAccel is 41.
What is the annual revenue of InnAccel?
Annual revenue of InnAccel is $1.41M as on Mar 31, 2023.
What does InnAccel do?
InnAccel was founded in 2012 in Bengaluru, India, as an RD company in the medical devices sector. Operations center on the development and manufacturing of devices that target unmet needs in critical care and maternal and child health. The companys portfolio includes products designed for these areas, with leadership provided by co-founders holding various director roles.
Who are the top competitors of InnAccel?
InnAccel's top competitors include ZOLL AEDs, Janitri and Inspiration Healthcare.
What products or services does InnAccel offer?
InnAccel offers VapCare, Fetal Lite, and SAANS.
Who are InnAccel's investors?
InnAccel has 26 investors. Key investors include ACT Grants, Mount Judi Ventures, B K Achutha, Vijay Prasad, and Amit Mookim.
What is InnAccel's valuation?
The valuation of InnAccel is $35.17M as of Apr 2022.
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