About Innovcare
Innovcare is a Healthcare company based in Mumbai (India) founded in 2014 by Poonam Wadhawan, Lalit Kumar Wadhawan, Vijay Dubey, Dipin Varma, and Chandan P Rajmane, and was acquired by Sun Pharma in June 2026. Innovcare has raised $15.97 million across 6 funding rounds from investors including Sun Pharma, Kae Capital and Peak XV Partners. The company has 648 employees. Innovcare was last valued at $22.26 million in October 2021. Its chief executive, as recorded, is Lalit Kumar Wadhawan. Its Indian entity Innovcare Lifesciences Private Limited reported revenue of ₹87.72 Cr. Innovcare offers products and services including Bone & Joint Health, Women’s Health Care, General Health, and Sexual Health. Its focus areas include Pharmaceutical Distributors and Nutraceuticals. Its competitors include Muscle Pro Nutrition, Mars Healthcare and Barna International India.
Company details
Developer of nutraceuticals and functional foods. The company is focusing on marketing and sales of branded nutraceuticals and functional foods against various lifestyle-oriented diseases. It has a product line for arthritis care, pain management, womens health, nutrients, and dermatology.
- Headquarters Mumbai, India
- Employees 648
- Founders Poonam Wadhawan, Lalit Kumar Wadhawan, Vijay Dubey, Dipin Varma, Chandan P Rajmane
- Stage Acquired
- SectorsHealthcare
- Website category Health · Pharmacy
- Email••••••••
- Phone•••• ••••
- Website innovcare.in
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Sun Pharma (Jun 2026)
- Legal Name Innovcare Lifesciences Private Limited
- Date of Incorporation 21 Jul, 2014
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹87.72 Cr
FY 2025 · +7% YoY
- Net Loss-₹2.24 Cr
FY 2025 · -3% margin
- EBITDA-₹1.20 Cr
FY 2025 · -1% margin
- Total Equity Funding$15.97M (USD)
in 6 rounds
- Latest Funding Round$2.01M (USD), Series A
Oct 2021
- InvestorsSun Pharma
& 15 more
- Employee Count648
- Acquired bySun Pharma
(Jun 2026)
Associated legal entities of Innovcare
Innovcare operates through Innovcare Lifesciences Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innovcare Lifesciences Private Limited CIN U74999MH2014PTC256233 | Active | 21 Jul 2014 | Mumbai, Maharashtra | ₹87.7 Cr | 603 | 6 | View details |
Products & Services of Innovcare
Innovcare offers a comprehensive portfolio of products and services, including Bone & Joint Health, Women’s Health Care, General Health, and Sexual Health.
Supplements for maintaining bone and joint health effectively.
Products addressing women's health and wellness needs.
General supplements for everyday health maintenance.
Solutions for sexual health and related concerns.
Apps and channels of Innovcare
its YouTube channel Innovcare Lifesciences has 491 subscribers and 30 videos.
Videos from Innovcare
The most watched videos on Innovcare's YouTube channel, Innovcare Lifesciences (491 subscribers). Click a video to play it here.
More on Innovcare Lifesciences.
Funding Insights of Innovcare
Innovcare has successfully raised a total of $15.97M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $2.01 million completed in October 2021. 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 $15.97M
- Total Rounds 6
- Last Round Series A — $2.01M
- First Round $11,524
(Aug 2014)
- Investors Count 15
All 6 funding rounds of Innovcare with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2021 | $2.01M | Series A | $22.26M | JM Financial Private Equity | |
| Aug 2019 | $6.28M | Series A | $24.3M | JM Financial Private Equity | |
| Dec 2016 | $1.89M | Series A | $••••• | Kae Capital | |
| Jul 2015 | $4.42M | Series A | $••••• | Peak XV Partners | |
| Sep 2014 | $1.36M | Seed | $••••• | Peak XV Partners | |
| Aug 2014 | $11,524 | Angel Round | $••••• | Vivek Vikram Tannan | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2021 | $22.26M | •••••••• |
| Aug 2019 | $24.3M | •••••••• |
| Dec 2016 | $••••• | •••••••• |
| Jul 2015 | $••••• | •••••••• |
| Sep 2014 | $••••• | •••••••• |
Full valuation and stage history of Innovcare
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
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Verified entity values are shown only after access is granted.
Last known valuation $22.26M (Oct 2021). 16 investors in total: 6 institutional and 10 angel.
Investors in Innovcare
Innovcare has secured backing from 16 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Sun Pharma, Kae Capital and Peak XV Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth-equity focused private firm investing in SMEs | 2006 | jmfpe.com | Mumbai, India | |
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Early-stage investing in tech startups in India. | 2011 | kae-capital.com | Mumbai, India | |
Early-stage companies are targeted for series-stage venture capital investments. | ||||
Specialty generic pharmaceuticals and APIs are manufactured and marketed. | 1983 | sunpharma.com | Mumbai, India | |
DV Dipin Varma | Angel investor and tech entrepreneur with focus on early-stage startups in India. | unknown_137a800ec37549268 | ||
LK Lalit Kumar Wadhawan | unknown_f7a234a1623d421ca | |||
NA Neville Arsheesh Wadia | unknown_d5ececbc3c7941dba | |||
SR Swati Rajmane | unknown_5963074f5d934d348 |
Investor details for Innovcare
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Innovcare Lifesciences Private Limited (Innovcare)
Innovcare Lifesciences Private Limited is the primary company behind Innovcare. The board of Innovcare Lifesciences Private Limited currently have 5 directors; the longest-serving is Lalit Kumar Wadhawan, appointed in 2014. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Lalit Kumar Wadhawan DIN 06896227 | Managing Director | 21 Jul 2014 | 12 yrs 3 mo | Innovcare Lifesciences Private Limited |
| Dipin Khemkaran Varma DIN 01398233 | Director | 13 Aug 2014 | 12 yrs 2 mo | Innovcare Lifesciences Private Limited |
| Rakeshchandra Jagdishprasad Sinha DIN 07340998 | Director | 06 Jul 2026 | 4 mo | Innovcare Lifesciences Private Limited |
| Harshavardhana Reddy Yarasi DIN 11420313 | Director | 06 Jul 2026 | 4 mo | Innovcare Lifesciences Private Limited |
| Siraj Singh DIN 11420389 | Director | 06 Jul 2026 | 4 mo | Innovcare Lifesciences Private Limited |
People of Innovcare
35 people are tracked at Innovcare (13 in leadership, 22 in team); the tracked headcount is 648.
| Name | Role | Group |
|---|---|---|
Poonam Wadhawan | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
Vijay Dubey | Co-Founder & Director | Leadership |
| Co-Founder | Leadership | |
Chandan P Rajmane | Co-Founder & Director | Leadership |
Smarajit Mishra | Business Head, Altius | Leadership |
Shirish Ramchandra Vankudre | General Manager, HR | Leadership |
S. Kannan | Business Head, Fortius | Leadership |
Suman Sarbadhikary | General Manager, Sales, Fortius Division | Leadership |
Karra Hariharnath | Business Head, Altius | Leadership |
Sunita Avinash Kesarkar | General Manager, Marketing | Leadership |
Cs Pragath | Senior General Manager, Sales | Leadership |
Vinodkumar Yadla | Assistant General Manager, Distribution & Logistics | Leadership |
Darshana Nitin Kadam | Assistant Manager, Finance | Team |
Priyanka Salunkhe | Senior DGM - Finance | Team |
Nutan Omkar Juikar | Assistant Manager, CRM | Team |
Keshav Tholar | Senior Manager, Finance | Team |
Shweta Shankar Waral | Assistant Manager, HR | Team |
Harish Mehta | Marketing Manager | Team |
Usha Vishandas Hiranandani | Secretary, MD | Team |
15 more people are available in the full profile.
Complete people profiles for Innovcare
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Innovcare
Figures of Innovcare Lifesciences Private Limited, the primary company behind Innovcare, for FY 2025. Revenue was ₹87.72 Cr (+7% year on year). Net loss was -₹2.24 Cr (-3% margin). EBITDA was -₹1.20 Cr (-1% margin). Revenue has grown at a compounded annual rate of +19% over three years and +11% over five years.
- ₹87.72 CrRevenue · FY 2025 · +7% YoY
- -₹2.24 CrNet loss · -3% margin
- -₹1.20 CrEBITDA · -1% margin
- ₹15.31 CrPaid-up capital
- 603Employees (provident fund records)
- +19%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innovcare Lifesciences Private Limited are on its company page.
Detailed financial statements for Innovcare
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Innovcare
5 dated milestones of Innovcare across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Innovcare is founded.
- Funding First funding round of $12K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $2.0M.
- Exit Acquired by Sun Pharma.
Competitors of Innovcare
Innovcare has 3 listed competitors in our database. They include Muscle Pro Nutrition, Mars Healthcare and Barna International India.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| musclepronutrition.com | 2016 | Mumbai, India | 25 | Sells bodybuilding supplements, proteins, and health products via online platforms. | ||
| marshealthcare.co.in | 2001 | Delhi, India | Distributes nutraceuticals to support health and wellness. | |||
| barnainternationalindia.com | 2017 | Vadodara, India | A distributor of multivitamins and health supplements. |
Detailed competitors of Innovcare
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Innovcare
The website of Innovcare (innovcare.in) receives about 2.8K visits a month and ranks #8,030,525 among all websites worldwide, #5,357 in Pharmacy.
- Monthly visits2.8K
▲ 48.1% vs previous month
- Global rank#8,030,525
among all websites
- Category rank#5,357
Health · Pharmacy
- Bounce rate40%
- Pages per visit1.9
- Average visit39 sec
- DevicesDesktop 33% · Mobile 67%
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Related news about Innovcare
Complete news archive for Innovcare
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Frequently Asked Questions about Innovcare
Innovcare was founded in 2014.
Innovcare is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Lalit Kumar Wadhawan is the CEO of Innovcare, as recorded in our data. They have also founded this company.
Innovcare is a funded company, having raised a total of $15.97M across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $11.52K, raised on Aug 2014.
Innovcare has 648 employees.
The primary company behind Innovcare, Innovcare Lifesciences Private Limited, reported revenue of ₹87.72 Cr for FY 2025, up 7% year on year.
Developer of nutraceuticals and functional foods. The company is focusing on marketing and sales of branded nutraceuticals and functional foods against various lifestyle-oriented diseases. It has a product line for arthritis care, pain management, womens health, nutrients, and dermatology.
Innovcare's top competitors include Muscle Pro Nutrition, Mars Healthcare and Barna International India.
Innovcare offers Bone & Joint Health, Women’s Health Care, General Health, and Sexual Health.
Innovcare has 16 investors. Key investors include Sun Pharma, Kae Capital, Peak XV Partners, JM Financial Private Equity, and Dipin Varma.
The valuation of Innovcare is $22.26M as of Oct 2021.
Innovcare operates through Innovcare Lifesciences Private Limited.