About Invention Labs
Invention Labs is a Healthcare company based in Chennai (India) founded in 2007. Developers of mobile applications for users with speech disorders. It operates in the Healthcare and Education sectors. Invention Labs has raised $1.55 million across 2 funding rounds from investors including Mumbai Angels, RTBI and Inventus Capital Partners. Its Indian entity Invention Labs Engineering Products Private Limited reported revenue of ₹3.08 Cr. Invention Labs offers products and services including Avaz AAC, Avaz Reader, and Avaz FreeSpeech. Its focus areas include EdTech, K-12 EdTech, Autism and HealthTech.
Company details
Invention Labs is the developer of Avaz (mobiletablet app) launched by which helps people with cerebral palsy to communicate through pictures replacing words using the tablet. It enables companies with technology consulting and product development, particularly in the medical domain. It has created many products for its clients, including innovative blood glucose monitors, a non-invasive thermometer, and low-cost infant warmers.
- Headquarters Chennai, India
- SectorsHealthcareEducation
- Email••••••••
- Phone•••• ••••
- Website inventionlabs.in
- Social X Instagram
- Legal Name Invention Labs Engineering Products Private Limited
- Date of Incorporation 31 Jul, 2007
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹3.08 Cr
FY 2025 · +12% YoY
- Net Profit₹17.3 Lakh
FY 2025 · 6% margin
- EBITDA₹28.8 Lakh
FY 2025 · 9% margin
- Total Equity Funding$1.55M (USD)
in 2 rounds
- Latest Funding Round$1M (USD), Series A
Jun 2016
- InvestorsMumbai Angels
& 3 more
Associated legal entities of Invention Labs
Invention Labs operates through Invention Labs Engineering Products 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 |
|---|---|---|---|---|---|---|---|
| Invention Labs Engineering Products Private Limited CIN U29253TN2007PTC064346 | Active | 31 Jul 2007 | Chennai, Tamil Nadu | ₹3.1 Cr | 3 | View details |
Products & Services of Invention Labs
Invention Labs offers a comprehensive portfolio of products and services, including Avaz AAC, Avaz Reader, and Avaz FreeSpeech.
Picture-based app for speech-impaired users to express needs.
App that aids reading and literacy for special needs individuals.
Tool for free expression through customizable communication options.
Funding Insights of Invention Labs
Invention Labs has successfully raised a total of $1.55M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1 million completed in June 2016. 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 $1.55M
- Total Rounds 2
- Last Round Series A — $1M
- First Round $550,000
(Apr 2014)
- Investors Count 4
All 2 funding rounds of Invention Labs 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 |
|---|---|---|---|---|---|
| Jun 2016 | $1M | Series A | – | – | |
| Apr 2014 | $550,000 | Seed | – | Inventus Capital Partners, Mumbai Angels |
4 investors in total: 3 institutional and 1 angel.
Investors in Invention Labs
Invention Labs has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Mumbai Angels, RTBI and Inventus Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups in rural technologies are incubated by government-backed RTBI. | rtbi.in | Chennai, India | ||
Early-stage investments are targeted by Inventus Capital Partners. | inventuscap.com | Burlingame, United States | ||
Early-stage venture investments are facilitated by Mumbai Angels network. | 2006 | mumbaiangels.com | Mumbai, India | |
RA Rajan Anandan | Managing Director at Peak XV, ex-Google India head, prolific angel investor | unknown_15ffccad58664b91a |
Investor details for Invention Labs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Invention Labs Engineering Products Private Limited (Invention Labs)
Invention Labs Engineering Products Private Limited is the primary company behind Invention Labs. The board of Invention Labs Engineering Products Private Limited currently have 3 directors; the longest-serving is Aswin Chandrasekaran, appointed in 2007. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aswin Chandrasekaran DIN 01531073 | Director | 31 Jul 2007 | 19 yrs 2 mo | Invention Labs Engineering Products Private Limited |
| Thangam Sankaranarayanan DIN 03128398 | Director | 29 Aug 2011 | 15 yrs 1 mo | Invention Labs Engineering Products Private Limited |
| Narayanan Ramakrishnan DIN 08213946 | Managing Director | 06 Sep 2018 | 8 yrs 1 mo | Invention Labs Engineering Products Private Limited |
Financials of Invention Labs
Figures of Invention Labs Engineering Products Private Limited, the primary company behind Invention Labs, for FY 2025. Revenue was ₹3.08 Cr (+12% year on year). Net profit was ₹17.3 Lakh (6% margin). EBITDA was ₹28.8 Lakh (9% margin). Revenue has grown at a compounded annual rate of +5% over three years and +25% over five years.
- ₹3.08 CrRevenue · FY 2025 · +12% YoY
- ₹17.3 LakhNet profit · 6% margin
- ₹28.8 LakhEBITDA · 9% margin
- ₹18.2 LakhPaid-up capital
- +5%Revenue CAGR, 3 years
- +25%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Invention Labs Engineering Products Private Limited are on its company page.
Detailed financial statements for Invention Labs
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of Invention Labs
3 dated milestones of Invention Labs across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Invention Labs is founded.
- Funding First funding round of $550K.
- Funding Latest funding round, Series A, of $1.0M.
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Related news about Invention Labs
Complete news archive for Invention Labs
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Frequently Asked Questions about Invention Labs
Invention Labs was founded in 2007 and raised its 1st funding round 7 years after it was founded.
Invention Labs is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Invention Labs is a funded company, having raised a total of $1.55M across 2 funding rounds to date. The company's 1st funding round was a Seed of $550K, raised on Apr 2014.
The primary company behind Invention Labs, Invention Labs Engineering Products Private Limited, reported revenue of ₹3.08 Cr for FY 2025, up 12% year on year.
Invention Labs is the developer of Avaz (mobiletablet app) launched by which helps people with cerebral palsy to communicate through pictures replacing words using the tablet. It enables companies with technology consulting and product development, particularly in the medical domain. It has created many products for its clients, including innovative blood glucose monitors, a non-invasive thermometer, and low-cost infant warmers.
Invention Labs offers Avaz AAC, Avaz Reader, and Avaz FreeSpeech.
Invention Labs has 4 investors. Key investors include Mumbai Angels, RTBI, Inventus Capital Partners, and Rajan Anandan.
Invention Labs operates through Invention Labs Engineering Products Private Limited.
The legal entities of Invention Labs currently have 3 directors, including Narayanan Ramakrishnan, Thangam Sankaranarayanan, Aswin Chandrasekaran.