About Innovare Labs
Innovare Labs is a company based in Hyderabad (India) founded in 2012.. Innovare Labs has raised $12.77 million across 7 funding rounds from investors including Rsquared Partner, Adi Marreddy Reddy and Gaddamanugu Phanichandra. The company has 425 employees as of April 08, 2024. Innovare Labs operates in a competitive market with competitors including Laurus Labs, Symbiotec, Provepharm Life Solutions, Beijing Biostar Technologies and SeQuent, among others.
- Headquarter Hyderabad, India
- Employees 425 as on 08 Apr, 2024
- 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 Innovare Labs Private Limited
- Date of Incorporation 02 Aug, 2012
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$9.96 M (USD)-20.85as on Mar 31, 2023
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Net Profit
$-4.28 M (USD)-44.51as on Mar 31, 2023
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EBITDA
$-2.77 M (USD)-58.31as on Mar 31, 2023
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Total Equity Funding
$12.77 M (USD)
in 7 rounds
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Latest Funding Round
$1.04 M (USD), Series A
Nov 18, 2022
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Investors
Rsquared Partner
& 37 more
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Employee Count
425
as on Apr 08, 2024
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Funding Insights of Innovare Labs
Innovare Labs has successfully raised a total of $12.77M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $1.04 million completed in November 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 7
- Last Round Series A — $1.0M
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First Round
First Round
(05 Dec 2015)
- Investors Count 38
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series A - Innovare Labs | Valuation | Rsquared Partner | |
| Feb, 2022 | Amount | Angel Round - Innovare Labs | Valuation | Adi Marreddy Reddy , Jawaharlal Reddy Gudibandala | |
| Mar, 2021 | Amount | Angel Round - Innovare Labs | Valuation |
investors |
| 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 Innovare Labs
Innovare Labs has secured backing from 38 investors, including angel and institutional investors. Prominent investors backing the company include Rsquared Partner, Adi Marreddy Reddy and Gaddamanugu Phanichandra. 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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Founded Year | Domain | Location | |
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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 Innovare Labs
| 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 - Innovare Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Innovare Labs Comparisons
Competitors of Innovare Labs
Innovare Labs 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 Laurus Labs, Symbiotec, Provepharm Life Solutions, Beijing Biostar Technologies and SeQuent, 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 |
Pharmaceutical and biotechnology company
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| domain | founded_year | HQ Location |
Non-sterile steroid hormone-based APIs and intermediates are manufactured.
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| domain | founded_year | HQ Location |
APIs and drug products are developed and valorized in pharmaceuticals.
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| domain | founded_year | HQ Location |
APIs, intermediates, and biochemical reagents are developed and manufactured.
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| domain | founded_year | HQ Location |
APIs are developed and manufactured for therapeutic areas.
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| domain | founded_year | HQ Location |
Contract development, manufacturing, and analytical services for APIs are offered.
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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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Frequently Asked Questions about Innovare Labs
When was Innovare Labs founded?
Innovare Labs was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Innovare Labs located?
Innovare Labs is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Innovare Labs?
I V Sunil Kumar is the current CEO of Innovare Labs.
Is Innovare Labs a funded company?
Innovare Labs is a funded company, having raised a total of $12.77M across 7 funding rounds to date. The company's 1st funding round was a Angel Round of $288.82K, raised on Dec 05, 2015.
How many employees does Innovare Labs have?
As of Apr 08, 2024, the latest employee count at Innovare Labs is 425.
What is the annual revenue of Innovare Labs?
Annual revenue of Innovare Labs is $9.96M as on Mar 31, 2023.
What does Innovare Labs do?
Innovare Labs will be offering CMO services for the manufacturing of APIs. They are currently offering intermediates and key starting materials for other API manufacturers and fully integrated pharma companies. The company has a Research and Development lab (which started operations in October 2015) and a manufacturing facility with an initial capacity of approx. 180 KL which includes intermediate processing area and two clean rooms and is expected to be operational by MayJune 2017. The company claims that its senior RD staff have over 100 years of experience in API and Intermediate manufacturing. Innovare also has facilities for analytical research and development.
Who are the top competitors of Innovare Labs?
Innovare Labs's top competitors include Laurus Labs, Symbiotec and Beijing Biostar Technologies.
Who are Innovare Labs's investors?
Innovare Labs has 38 investors. Key investors include Rsquared Partner, Adi Marreddy Reddy, Gaddamanugu Phanichandra, Surendranath Mantena, and Mantena Raja Rajeswari.
What is Innovare Labs's valuation?
The valuation of Innovare Labs is $45.82M as of Nov 2022.