About WeInnovate Biosolutions
WeInnovate Biosolutions is a company based in Pune (India) founded in 2016 by Milind Choudhari and Anupama Engineer. WeInnovate Biosolutions has raised $568.16 thousand across 2 funding rounds from investors including DERBI Foundation, Chiratae Ventures and The Venture Center. The company has 6 employees. WeInnovate Biosolutions offers products and services including NanoAgCide and Silvoguard. WeInnovate Biosolutions operates in a competitive market with competitors including LipoCoat, Endomimetics, Wissenkraft Labs and Solar Sharc, among others.
- Headquarter Pune, India
- Employees 6
- Founders Milind Choudhari, Anupama Engineer
- Stage Minicorn
- SectorsChemicals & MaterialsTechnology
- Email••••••••
- Phone•••• ••••
- Website wibpl.com
- Social LinkedIn
- Legal Name Weinnovate Biosolutions Private Limited
- Date of Incorporation 11 Mar, 2016
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹68.7 Lakh
FY 2024 · +36% YoY
- Net Loss-₹22.4 Lakh
FY 2024 · -33% margin
- EBITDA-₹20.1 Lakh
FY 2024 · -29% margin
- Total Equity Funding$568.16K (USD)
in 2 rounds
- Latest Funding Round$494.83K (USD), Seed
Aug 2020
- InvestorsDERBI Foundation
& 3 more
- Employee Count6
Associated legal entities of WeInnovate Biosolutions
WeInnovate Biosolutions operates through Weinnovate Biosolutions 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 |
|---|---|---|---|---|---|---|---|
| Weinnovate Biosolutions Private Limited CIN U74990PN2016PTC158762 | Active | 11 Mar 2016 | Pune, Maharashtra | ₹0.7 Cr | 6 | 3 | View details |
Products & Services of WeInnovate Biosolutions
WeInnovate Biosolutions offers a comprehensive portfolio of products and services, including NanoAgCide and Silvoguard.
Broad spectrum antimicrobial colloidal silver API for infection prevention.
Silver nanoparticles for transforming infection control in healthcare devices.
Funding Insights of WeInnovate Biosolutions
WeInnovate Biosolutions has successfully raised a total of $568.16K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $494.83 thousand completed in August 2020. 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 $568,163
- Total Rounds 2
- Last Round Seed — $494,831
- First Round $73,332
(Dec 2016)
- Investors Count 4
All 2 funding rounds of WeInnovate Biosolutions 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 |
|---|---|---|---|---|---|
| Aug 2020 | $494,831 | Seed | $2.1M | Chiratae Ventures | |
| Dec 2016 | $73,332 | Seed | $489,937 | The Venture Center, Venture Center | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2020 | $2.1M | •••••••• |
Last known valuation $2.1M (Aug 2020). 4 investors in total: 4 institutional.
Investors in WeInnovate Biosolutions
WeInnovate Biosolutions has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include DERBI Foundation, Chiratae Ventures and The Venture Center.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on seed-stage startups | – | chiratae.com | Bengaluru, India | |
Support for innovation and entrepreneurship through incubation programs in Bangalore. | 2015 | derbifoundation.com | Bengaluru, India | |
Entrepreneur support services, accelerator programs, and mentorship in technology sectors. | – | venturecenter.co | - | |
Startups are incubated at Venture Center, backed by CSIR. | – | venturecenter.co.in | Pune, India |
Investor details for WeInnovate Biosolutions
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Board of directors of Weinnovate Biosolutions Private Limited (WeInnovate Biosolutions)
Weinnovate Biosolutions Private Limited is the primary company behind WeInnovate Biosolutions. The board of Weinnovate Biosolutions Private Limited currently have 3 directors; the longest-serving is Milind Kewalram Choudhari, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Milind Kewalram Choudhari DIN 07391450 | Director | 11 Mar 2016 | 10 yrs 7 mo | Weinnovate Biosolutions Private Limited |
| Anupama Sureshchandra Engineer DIN 07391484 | Director | 11 Mar 2016 | 10 yrs 7 mo | Weinnovate Biosolutions Private Limited |
| Prasad Nivritti Bhagat DIN 07761379 | Director | 25 Apr 2017 | 9 yrs 5 mo | Weinnovate Biosolutions Private Limited |
People of WeInnovate Biosolutions
2 people are tracked at WeInnovate Biosolutions (2 in leadership); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for WeInnovate Biosolutions
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Financials of WeInnovate Biosolutions
Figures of Weinnovate Biosolutions Private Limited, the primary company behind WeInnovate Biosolutions, for FY 2024. Revenue was ₹68.7 Lakh (+36% year on year). Net loss was -₹22.4 Lakh (-33% margin). EBITDA was -₹20.1 Lakh (-29% margin). Revenue has grown at a compounded annual rate of +97% over three years and +102% over five years.
- ₹68.7 LakhRevenue · FY 2024 · +36% YoY
- -₹22.4 LakhNet loss · -33% margin
- -₹20.1 LakhEBITDA · -29% margin
- ₹1.5 LakhPaid-up capital
- 6Employees (provident fund records)
- +97%Revenue CAGR, 3 years
- +102%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Weinnovate Biosolutions Private Limited are on its company page.
Detailed financial statements for WeInnovate Biosolutions
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Timeline of WeInnovate Biosolutions
4 dated milestones of WeInnovate Biosolutions across 4 years, from founding to its latest funding, stage changes and deals.
- Founded WeInnovate Biosolutions is founded.
- Funding First funding round of $73K.
- Funding Latest funding round, Seed, of $495K.
- Milestone Reaches Minicorn status.
Competitors of WeInnovate Biosolutions
WeInnovate Biosolutions 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 LipoCoat, Endomimetics, Wissenkraft Labs and Solar Sharc, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lipocoat.com | 2016 | Enschede, Netherlands | $1.64M | – | Hydrophilic bioinspired coatings for medical devices are developed. | |
| endomimetics.com | 2009 | Birmingham, United States | – | – | Bio-nanometric coatings for medical implants are developed. | |
| wissenkraftlabs.tcc.mode | 2018 | Pune, India | – | – | Advanced surface coatings for biomedical and engineering uses are provided. | |
| solarsharc.com | 2017 | United Kingdom | – | – | Develops advanced coatings for solar panel protection against contamination and soiling. |
Detailed competitors of WeInnovate Biosolutions
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Latest news on Weinnovate Biosolutions
Complete news archive for WeInnovate Biosolutions
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Similar companies to WeInnovate Biosolutions
10 companies that operate in the same segment as WeInnovate Biosolutions (Chemicals Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Microbe-based plant protection products and yield optimization services are provided. | 2013 | Boston, Massachusetts, United States | USD 1.4 B | – | – | |
Plant-based biopesticides are developed for agricultural applications by Terramera. | 2010 | Vancouver, British Columbia, Canada | USD 64.94 M | USD 3.42 M | 16 | |
Conductive nanocoatings are delivered via atomic layer deposition technology. | 2013 | Boulder, Colorado, United States | USD 202.75 M | – | – | |
Developr of bio-based products and natural compounds for biotechnological solutions | 1993 | Zwingenberg, Hesse, Germany | USD 5.38 M | – | – | |
Sustainable bio-based chemicals are manufactured using a proprietary platform. | 2016 | Houston, Texas, United States | USD 686.05 M | – | – | |
Biological insecticides and pesticides are developed from spider peptides. | 2001 | Kalamazoo, Michigan, United States | USD 286.68 M | – | – | |
Nitrogen-fixing microbes for corn crop nutrition are developed and applied. | 2010 | Berkeley, California, United States | USD 618.08 M | – | – | |
Instruments and software for color calibration are developed by Datacolor. | 1970 | Lawrenceville, United States | – | USD 781.59 K | 20 | |
Green acids are produced from microbes via synthetic biology. | 2010 | Emeryville, California, United States | USD 51.77 M | – | – | |
Phytochemicals are developed using microbial fermentation processes. | 2011 | Cambridge, Massachusetts, United States | USD 115.93 M | – | – |
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Frequently Asked Questions about WeInnovate Biosolutions
WeInnovate Biosolutions was founded in 2016.
WeInnovate Biosolutions is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Milind Choudhari is the current CEO of WeInnovate Biosolutions. They have also founded this company.
WeInnovate Biosolutions is a funded company, having raised a total of $568.16K across 2 funding rounds to date. The company's 1st funding round was a Seed of $73.33K, raised on Dec 2016.
WeInnovate Biosolutions has 6 employees.
The primary company behind WeInnovate Biosolutions, Weinnovate Biosolutions Private Limited, reported revenue of ₹68.7 Lakh for FY 2024, up 36% year on year.
Founded in 2016 in Pune, India, antimicrobial medical devices are developed for infection prevention and control within the healthcare sector. Nanoparticle-based products and guards are offered to reduce hospital-acquired infections. Solutions for healing diabetic foot ulcers and other wounds are included, alongside diagnostic tools for antimicrobial susceptibility testing. A technology service platform is provided for formulating smart materials-assisted products. Operations cover infection prevention, diagnostics, and broader healthcare solutions.
WeInnovate Biosolutions's top competitors include Endomimetics, LipoCoat and Wissenkraft Labs.
WeInnovate Biosolutions offers NanoAgCide and Silvoguard.
WeInnovate Biosolutions has 4 investors. Key investors include DERBI Foundation, Chiratae Ventures, The Venture Center, and Venture Center.
The valuation of WeInnovate Biosolutions is $2.1M as of Aug 2020.
WeInnovate Biosolutions operates through Weinnovate Biosolutions Private Limited.