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
-
Sectors
Healthcare
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Innovare Labs Private Limited
- Date of Incorporation 02 Aug, 2012
- Jurisdiction Hyderabad, Telangana, India
-
Annual Revenue
$9.96 M (USD)-20.85as on Mar 31, 2023
-
Net Profit
-$4.28 M (USD)-44.51as on Mar 31, 2023
-
EBITDA
-$2.77 M (USD)-58.31as on Mar 31, 2023
-
Total Equity Funding
$12.77 M (USD)
in 7 rounds
-
Latest Funding Round
$1.04 M (USD), Series A
Nov 18, 2022
-
Investors
Rsquared Partner
& 37 more
-
Employee Count
425
as on Apr 08, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
-
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked |
Investor details for Innovare Labs
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Innovare Labs
Investment portfolio details for Innovare Labs
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Innovare Labs
Detailed financials for Innovare Labs
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Innovare Labs Comparisons
Peer comparison for Innovare Labs
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Pharmaceutical and biotechnology company
|
|
| Locked | Locked | Locked |
Non-sterile steroid hormone-based APIs and intermediates are manufactured.
|
|
| Locked | Locked | Locked |
APIs and drug products are developed and valorized in pharmaceuticals.
|
|
| Locked | Locked | Locked |
APIs, intermediates, and biochemical reagents are developed and manufactured.
|
|
| Locked | Locked | Locked |
APIs are developed and manufactured for therapeutic areas.
|
|
| Locked | Locked | Locked |
Contract development, manufacturing, and analytical services for APIs are offered.
|
Detailed competitors of Innovare Labs
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Innovare Labs
Complete news archive for Innovare Labs
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Innovare Labs
Innovare Labs was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Innovare Labs is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
I V Sunil Kumar is the current CEO of Innovare Labs.
Innovare Labs is a funded company, having raised a total of $12.77M across 7 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Innovare Labs is 425.
Annual revenue of Innovare Labs is $9.96M as on Mar 31, 2023.
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.
Innovare Labs's top competitors include Laurus Labs, Symbiotec and Beijing Biostar Technologies.
Innovare Labs has 38 investors. Key investors include Rsquared Partner, Adi Marreddy Reddy, Gaddamanugu Phanichandra, Surendranath Mantena, and Mantena Raja Rajeswari.
The valuation of Innovare Labs is $45.82M as of Nov 2022.