About Invention Labs
Invention Labs is a company based in Chennai (India) founded in 2007.. Invention Labs has raised $1.55 million across 2 funding rounds from investors including Mumbai Angels, RTBI and Inventus Capital Partners. Invention Labs offers products and services including Avaz AAC, Avaz Reader, and Avaz FreeSpeech. Invention Labs operates in a competitive market with competitors including Change Dyslexia, DoBrain, Jellow, ShmoontzApps and AngelTalk, among others.
- Headquarter Chennai, India
-
Sectors
HealthcareEducation
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Invention Labs Engineering Products Private Limited
- Date of Incorporation 31 Jul, 2007
- Jurisdiction Chennai, Tamil Nadu, India
-
Annual Revenue
$317.2 K (USD)178.26as on Mar 31, 2022
-
Net Profit
$34.27 K (USD)385.61as on Mar 31, 2022
-
EBITDA
$54.85 K (USD)478.93as on Mar 31, 2022
-
Total Equity Funding
$1.55 M (USD)
in 2 rounds
-
Latest Funding Round
$1 M (USD), Series A
Jun 01, 2016
-
Investors
Mumbai Angels
& 3 more
-
Employee Count
Employee Count
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
Products & Services of Invention Labs
Invention Labs offers a comprehensive portfolio of products and services, including Avaz AAC, Avaz Reader, and Avaz FreeSpeech. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 2
- Last Round Series A — $1.0M
-
First Round
First Round
(23 Apr 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Series A - Invention Labs | Valuation |
investors |
|
| Apr, 2014 | Amount | Seed - Invention Labs | Valuation | Inventus Capital Partners , Mumbai Angels |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Startups in rural technologies are incubated by government-backed RTBI.
|
Founded Year | Domain | Location | |
|
Early-stage investments are targeted by Inventus Capital Partners.
|
Founded Year | Domain | Location | |
|
Early-stage venture investments are facilitated by Mumbai Angels network.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Invention Labs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Invention Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Invention Labs Comparisons
Competitors of Invention Labs
Invention 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 Change Dyslexia, DoBrain, Jellow, ShmoontzApps and AngelTalk, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Scientifically validated tools for dyslexia detection and remediation are offered.
|
|
| domain | founded_year | HQ Location |
Brain training platform for children is provided with gamified features.
|
|
| domain | founded_year | HQ Location |
Augmentative and alternative communication solutions are provided for speech-impaired individuals.
|
|
| domain | founded_year | HQ Location |
AAC app for communication via customizable image cards and voice recordings.
|
|
| domain | founded_year | HQ Location |
A mobile app for alternative and augmentative communication support.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Invention Labs
When was Invention Labs founded?
Invention Labs was founded in 2007 and raised its 1st funding round 7 years after it was founded.
Where is Invention Labs located?
Invention Labs is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Is Invention Labs a funded company?
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 23, 2014.
What is the annual revenue of Invention Labs?
Annual revenue of Invention Labs is $317.2K as on Mar 31, 2022.
What does Invention Labs do?
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.
Who are the top competitors of Invention Labs?
Invention Labs's top competitors include Change Dyslexia, Jellow and DoBrain.
What products or services does Invention Labs offer?
Invention Labs offers Avaz AAC, Avaz Reader, and Avaz FreeSpeech.
Who are Invention Labs's investors?
Invention Labs has 4 investors. Key investors include Mumbai Angels, RTBI, Inventus Capital Partners, and Rajan Anandan.