About Innovcare
Innovcare is a company based in Mumbai (India) founded in 2014 by Poonam Wadhawan, Lalit Kumar Wadhawan, Vijay Dubey, Dipin Varma, and Chandan P Rajmane 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 as of December 29, 2024. Innovcare offers products and services including Bone & Joint Health, Women’s Health Care, General Health, and Sexual Health. Innovcare operates in a competitive market with competitors including Muscle Pro Nutrition, Mars Healthcare, Barna International India, Mutant Nutrition House and Amarnath Agencies, among others.
- Headquarter Mumbai, India
- Employees 648 as on 29 Dec, 2024
- Founders Poonam Wadhawan, Lalit Kumar Wadhawan, Vijay Dubey, Dipin Varma, Chandan P Rajmane
- 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 Innovcare Lifesciences Private Limited
- Date of Incorporation 21 Jul, 2014
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$9.62 M (USD)13.59as on Mar 31, 2024
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Net Profit
$672.58 K (USD)157.49as on Mar 31, 2024
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EBITDA
$769.28 K (USD)89.1as on Mar 31, 2024
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Total Equity Funding
$15.97 M (USD)
in 6 rounds
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Latest Funding Round
$2.01 M (USD), Series A
Oct 07, 2021
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Investors
Sun Pharma
& 15 more
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Employee Count
648
as on Dec 29, 2024
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Acquired by
Sun Pharma
(Jun 22, 2026)
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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.
People of Innovcare
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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.
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.
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Sequoia Capital is engaged in venture capital investments.
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Investor details for Innovcare
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Investments & Acquisitions by Innovcare
Investment portfolio details for Innovcare
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Financial Statements - Innovcare
Detailed financials for Innovcare
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Innovcare Comparisons
Peer comparison for Innovcare
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of Innovcare
Innovcare 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 Muscle Pro Nutrition, Mars Healthcare, Barna International India, Mutant Nutrition House and Amarnath Agencies, among others.
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Sells bodybuilding supplements, proteins, and health products via online platforms.
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Distributes nutraceuticals to support health and wellness.
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A distributor of multivitamins and health supplements.
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Serves as a distributor of high-quality dietary supplements.
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Manufactures and wholesales herbal health supplements and powders for wellness.
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Detailed competitors of Innovcare
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Latest news on 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 current CEO of Innovcare. They have also founded this company.
Innovcare is a funded company, having raised a total of $15.97M across 6 funding rounds to date.
As of Dec 29, 2024, the latest employee count at Innovcare is 648.
Annual revenue of Innovcare is $9.62M as on Mar 31, 2024.
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.