Nevakar

New York, United States Founded: 2015 • Age: 11 yrs
Drug repositioning is conducted in injectable and ophthalmic sectors.
Annual revenue $325,543 Latest available
Total funding $71.1M 5 rounds
Employees - Tracked headcount
Investors 2 Known backers
Products 1 Services tracked
Competitors 11 Brand Intelligence

About Nevakar

Nevakar is a company based in New York (United States) founded in 2015 by Navneet Puri. Nevakar has raised $71.09 million across 5 funding rounds from investors including Oxford Finance and H.I.G. Capital. Nevakar offers products and services including NVK002. Nevakar operates in a competitive market with competitors including Annexon, Aldeyra, Nicox, Gyroscope and MeiraGTx, among others.

  • Headquarter New York, United States
  • Founders Navneet Puri
  • Sectors
    Healthcare
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Nevakar India Private Limited
  • Date of Incorporation 06 Jan, 2020
  • Jurisdiction Thane, Maharashtra, India
Operational Areas
Healthcare → Healthcare Products & Supplies Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $325.54 K (USD)
    16.29
    as on Mar 31, 2022
  • Net Profit
    $40.09 K (USD)
    14.75
    as on Mar 31, 2022
  • EBITDA
    $63.48 K (USD)
    22.64
    as on Mar 31, 2022
  • Total Equity Funding
    $71.09 M (USD)

    in 5 rounds

  • Latest Funding Round
    $4.59 M (USD), Series C

    Aug 08, 2023

  • Investors
  • Employee Count
    Not available
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Products & Services of Nevakar

Nevakar offers a comprehensive portfolio of products and services, including NVK002.

Product name locked
Category locked
Primary

Drug for treating refractive errors through regulatory applications.

People of Nevakar

Headcount 50-200
Employee Profiles 18
Board Members and Advisors 5
Employee Profiles
People
Beatrice Larrieux
Associate Manager, Administrative & AP
People
Kumaresh Soppimath
Chief Scientific Officer
People
Reema Puri
SVP, HR
People
John Kappelhof
SVP, Program Management

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Board Members and Advisors
people
George S. Zorich
CEO And Chairman Of The Board
people
Ram Potti
Board Member
people
Joseph M. Mahady
Board Member
people
Navneet Puri
Founder & Chairman of the Board

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Funding Insights of Nevakar

Nevakar has successfully raised a total of $71.09M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $4.59 million completed in August 2023. 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 Nevakar

Nevakar has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Oxford Finance and H.I.G. Capital.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture debt firm focused on the life sciences sector
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Private equity capital is invested in small and mid-sized businesses.
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Investor details for Nevakar

Investor domains, locations, round participation, and complete history require an active premium plan.

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Investments & Acquisitions by Nevakar

Investments
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Investment portfolio details for Nevakar

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Financial Statements - Nevakar

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Detailed financials for Nevakar

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  • Profit trends
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Nevakar Comparisons

Nevakar Primary company
Description
Drug repositioning is conducted in injectable and ophthalmic...
Location
New York, United States
Founded Year
2015
Annual Revenue
$325.54 K (USD)
Net Profit
$40.09 K (USD)
EBITDA
$63.48 K (USD)
Employees
Not available
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Peer comparison for Nevakar

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Competitors of Nevakar

Nevakar 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 Annexon, Aldeyra, Nicox, Gyroscope and MeiraGTx, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Developer of antibodies to treat complement-mediated neurodegenerative diseases
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Drug candidates for immune-mediated diseases are developed by Aldeyra.
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Nitric oxide-based therapeutics for glaucoma and eye conditions are developed.
Locked Locked Locked
Mobile SDK developed for app engagement and monetization strategies.
Locked Locked Locked
Gene therapies for ocular and neurodegenerative diseases are developed.
Locked Locked Locked
Ophthalmic pharmaceuticals for diabetic macular edema are developed and commercialized.
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Detailed competitors of Nevakar

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Latest news on Nevakar

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Complete news archive for Nevakar

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Nevakar

Nevakar was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Nevakar is headquartered in New York, United States. It is registered at New York, New York, United States.

George Zorich is the current CEO of Nevakar.

Nevakar is a funded company, having raised a total of $71.09M across 5 funding rounds to date.

Annual revenue of Nevakar is $325.54K as on Mar 31, 2022.

Nevakar was established in 2015 in New York, United States, within the pharmaceutical industry. Focus is placed on repositioning FDA-approved molecules to address unmet clinical and commercial needs. Operations involve the creation of novel formulations, improved packaging designs, and alternative drug delivery methods, primarily for injectable and ophthalmic applications. The company is led by founder Navneet Puri and CEO George Zorich.

Nevakar's top competitors include Annexon, Alimera Sciences and MeiraGTx.

Nevakar offers NVK002.

Nevakar has 2 investors. Key investors include Oxford Finance, and H.I.G. Capital.

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