About Instinct Innovations
Instinct Innovations is a Healthcare company based in Mumbai (India) founded in 2015 by Himanshu Narendra Singhi and Ankit Solanki. SaaS solutions are offered for healthcare, advertising, and business intelligence. The company has 49 employees. Instinct Innovations was last valued at $1.14 million in March 2017. Its Indian entity Instinct Innovations Private Limited reported revenue of ₹13.10 Cr. Instinct Innovations offers products and services including Agile Software Development, AI Solutions, Data Analytics, and Growth Marketing Strategies. Its focus areas include HealthTech, Pharmacy IT, Supply Chain Management and Inventory Management. Its competitors include Medbikri and Redbook; 2 of its 2 listed competitors have raised funding.
Company details
Instinct Innovations was founded in 2015 and is based in Mumbai, India. SaaS products are developed for sectors including healthcare and pharmaceuticals, advertising, and business intelligence. Key offerings include RedBook for inventory and order management in pharma retail, Targetron for content-based advertising to target audiences via appropriate channels, and Repoto for self-service business intelligence with real-time reporting, data visualization, and a proprietary caching algorithm for report retrieval.
- Headquarters Mumbai, India
- Employees 49
- Founders Himanshu Narendra Singhi, Ankit Solanki
- Stage Minicorn
- SectorsHealthcare
- Phone•••• ••••
- Website instinctinnovations.com
- Social LinkedIn
- Legal Name Instinct Innovations Private Limited
- Date of Incorporation 09 Nov, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹13.10 Cr
FY 2024 · +356% YoY
- Net Profit₹2.98 Cr
FY 2024 · 23% margin
- EBITDA₹3.04 Cr
FY 2024 · 23% margin
- InvestorsSolidarity
& 1 more
- Employee Count49
Associated legal entities of Instinct Innovations
Instinct Innovations operates through Instinct Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Instinct Innovations Private Limited CIN U72300MH2015PTC270042 | Active | 09 Nov 2015 | Mumbai, Maharashtra | ₹13.1 Cr | 49 | 2 | View details |
Products & Services of Instinct Innovations
Instinct Innovations offers a comprehensive portfolio of products and services, including Agile Software Development, AI Solutions, Data Analytics, and Growth Marketing Strategies.
Delivers scalable software using agile methods for business needs.
Implements AI for data-driven decisions and task automation.
Transforms data into insights for informed business strategies.
Develops data-driven plans to enhance brand awareness and leads.
Funding Insights of Instinct Innovations
- Total Rounds 1
- Investors Count 2
All 1 funding rounds of Instinct Innovations 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 |
|---|---|---|---|---|---|
| Mar 2017 | Seed | $1.14M | Solidarity, Solidarity Global | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2017 | $1.14M | •••••••• |
Last known valuation $1.14M (Mar 2017). 2 investors in total: 2 institutional.
Investors in Instinct Innovations
Instinct Innovations has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Solidarity and Solidarity Global.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are managed by Solidarity across multiple sectors. | solidarity.in | Mumbai, India | ||
A platform is operated for free trade and news sharing. | solidarity.global |
Investor details for Instinct Innovations
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Board of directors of Instinct Innovations Private Limited (Instinct Innovations)
Instinct Innovations Private Limited is the primary company behind Instinct Innovations. The board of Instinct Innovations Private Limited currently have 2 directors; the longest-serving is Sonali Rajesh Kothari, appointed in 2021. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sonali Rajesh Kothari DIN 09145480 | Director | 14 Apr 2021 | 5 yrs 6 mo | Instinct Innovations Private Limited |
| Apoorva Jain DIN 08292576 | Director | 31 Mar 2023 | 3 yrs 7 mo | Instinct Innovations Private Limited |
People of Instinct Innovations
2 people are tracked at Instinct Innovations (2 in leadership); the tracked headcount is 49.
| Name | Role | Group |
|---|---|---|
Himanshu Narendra Singhi | Co-Founder | Leadership |
Ankit Solanki | Co-Founder | Leadership |
Complete people profiles for Instinct Innovations
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Financials of Instinct Innovations
Figures of Instinct Innovations Private Limited, the primary company behind Instinct Innovations, for FY 2024. Revenue was ₹13.10 Cr (+356% year on year). Net profit was ₹2.98 Cr (23% margin). EBITDA was ₹3.04 Cr (23% margin). Revenue has grown at a compounded annual rate of +378% over three years and +100% over five years.
- ₹13.10 CrRevenue · FY 2024 · +356% YoY
- ₹2.98 CrNet profit · 23% margin
- ₹3.04 CrEBITDA · 23% margin
- ₹4.9 LakhPaid-up capital
- 49Employees (provident fund records)
- +378%Revenue CAGR, 3 years
- +100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Instinct Innovations Private Limited are on its company page.
Detailed financial statements for Instinct Innovations
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Instinct Innovations
3 dated milestones of Instinct Innovations across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Instinct Innovations is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
Competitors of Instinct Innovations
Instinct Innovations has 2 listed competitors in our database, 2 of them funded. They include Medbikri and Redbook.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| medbikri.com | 2021 | Bengaluru, India | $1.3M | 69 | Inventory and sales management solutions for pharmacies are provided. | |
| redbook.co.in | 2015 | Mumbai, India | $321,701 | 351 | GST-enabled software for pharmacy retail and distribution management is provided. |
Detailed competitors of Instinct Innovations
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Top companies in Pharmacy & Healthcare Retail Systems
2 companies that operate in the same segment as Instinct Innovations (Pharmacy & Healthcare Retail Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers a B2B managed marketplace for pharmacies | 2019 | Bengaluru, Karnataka, India | USD 20.02 M | USD 20.23 M | 218 | |
Digital healthcare tools are offered for pharmacies and clinics management. | 2012 | Mumbai, Maharashtra, India | USD 1.19 B | USD 719.01 M | 215 |
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Related news about Instinct Innovations
Complete news archive for Instinct Innovations
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Frequently Asked Questions about Instinct Innovations
Instinct Innovations was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Instinct Innovations is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Instinct Innovations has 49 employees.
The primary company behind Instinct Innovations, Instinct Innovations Private Limited, reported revenue of ₹13.10 Cr for FY 2024, up 356% year on year.
Instinct Innovations was founded in 2015 and is based in Mumbai, India. SaaS products are developed for sectors including healthcare and pharmaceuticals, advertising, and business intelligence. Key offerings include RedBook for inventory and order management in pharma retail, Targetron for content-based advertising to target audiences via appropriate channels, and Repoto for self-service business intelligence with real-time reporting, data visualization, and a proprietary caching algorithm for report retrieval.
Instinct Innovations offers Agile Software Development, AI Solutions, Data Analytics, and Growth Marketing Strategies.
Instinct Innovations has 2 investors. Key investors include Solidarity, and Solidarity Global.
The valuation of Instinct Innovations is $1.14M as of Mar 2017.
Instinct Innovations operates through Instinct Innovations Private Limited.
The legal entities of Instinct Innovations currently have 2 directors, including Sonali Rajesh Kothari, Apoorva Jain.