About Irillic
Irillic is a company based in Bengaluru (India) founded in 2016 by Vijaya Devaiah Berera, Anant Cd, and Saish Kamat was acquired by Motherson Group in October 2023.. Irillic has raised $941.12 thousand across 5 funding rounds from investors including Motherson, Ramaiah Capital and Karumbaiah Mapangada Somaiah. Irillic offers products and services including Fluorescence Imaging System and Laparoscopic Imaging System. Irillic operates in a competitive market with competitors including Olympus, Siemens Healthineers, Lantheus, Varex and Carestream, among others.
- Headquarter Bengaluru, India
- Founders Vijaya Devaiah Berera, Anant Cd, Saish Kamat
- 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 Irillic Private Limited
- Date of Incorporation 20 Mar, 2017
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$267.16 K (USD)-3.17as on Mar 31, 2022
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Net Profit
$-165.03 K (USD)-112.55as on Mar 31, 2022
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EBITDA
$-60.53 K (USD)48.58as on Mar 31, 2022
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Total Equity Funding
$941.12 K (USD)
in 5 rounds
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Latest Funding Round
$66.72 K (USD), Seed
Jan 07, 2022
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Investors
Motherson
& 7 more
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Employee Count
Employee Count
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Acquired by
Motherson Group
(Oct 21, 2023)
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Products & Services of Irillic
Irillic offers a comprehensive portfolio of products and services, including Fluorescence Imaging System and Laparoscopic Imaging System. 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.
Enables real-time visualization in surgeries for precise outcomes.
Provides advanced imaging for laparoscopic procedures and accuracy.
Funding Insights of Irillic
Irillic has successfully raised a total of $941.12K across 5 strategic funding rounds. The most recent funding activity was a Seed round of $66.72 thousand completed in January 2022. 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 5
- Last Round Seed — $66,723
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First Round
First Round
(06 Nov 2017)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - Irillic | Valuation | Ramaiah Capital |
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| Aug, 2020 | Amount | Angel Round - Irillic | Valuation | Karumbaiah Mapangada Somaiah |
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| Feb, 2020 | Amount | Seed - Irillic | Valuation | Turbostart |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Irillic
Irillic has secured backing from 8 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Motherson, Ramaiah Capital and Karumbaiah Mapangada Somaiah. 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 |
|---|---|---|---|---|
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Venture capital financing and ecosystem support for early-stage startups globally.
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Offers hassle-free personal and business loans via digital platforms to households.
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Electrical distribution systems and wiring harnesses for automobiles are manufactured.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Irillic
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Irillic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Irillic Comparisons
Competitors of Irillic
Irillic 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 Olympus, Siemens Healthineers, Lantheus, Varex and Carestream, 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 |
Manufacturer of imaging and surgical products
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| domain | founded_year | HQ Location |
AI-based medical diagnostics are developed for healthcare applications.
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| domain | founded_year | HQ Location |
Developer of diagnostic imaging agents and targeted therapeutics
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| domain | founded_year | HQ Location |
Developer of imaging equipment and accessories
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| domain | founded_year | HQ Location |
Developer of diagnostic imaging and healthcare information technology systems for hospital use
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| domain | founded_year | HQ Location |
Provider of portfolio of imaging devices for diagnostic and treatment purposes
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Irillic
Frequently Asked Questions about Irillic
When was Irillic founded?
Irillic was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Irillic located?
Irillic is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Irillic?
Vijaya Devaiah Berera is the current CEO of Irillic. They have also founded this company.
Is Irillic a funded company?
Irillic is a funded company, having raised a total of $941.12K across 5 funding rounds to date.
What is the annual revenue of Irillic?
Annual revenue of Irillic is $267.16K as on Mar 31, 2022.
What does Irillic do?
Irillic was founded in 2016 and is headquartered in Bengaluru, India. Fluorescence imaging systems are developed and supplied by the company within the medical technology sector. The flagship product, .nm, is employed in surgical oncology, lymphatic surgery, plastic surgery, and reconstructive surgery to support imaging needs during procedures. Operations focus on device provision for healthcare applications in these areas.
Who are the top competitors of Irillic?
Irillic's top competitors include Olympus, Siemens Healthineers and United Imaging Healthcare.
What products or services does Irillic offer?
Irillic offers Fluorescence Imaging System and Laparoscopic Imaging System.
Who are Irillic's investors?
Irillic has 8 investors. Key investors include Motherson, Ramaiah Capital, Karumbaiah Mapangada Somaiah, Turbostart, and M R Kodandaram.
What is Irillic's valuation?
The valuation of Irillic is $3.32M as of Jan 2022.
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