When was Innocule founded?

Innocule was founded in 2014 and raised its 1st funding round 2 years after it was founded.

Where is Innocule located?

Innocule is headquartered in Bhubaneswar, India. It is registered at Plot-1053, IDCO Plot B3/B4 Sarua Industrial Estate, Begunia Tahasil, Khordha, Sarua, Orissa, India, 752057.

Which legal entities is Innocule associated with?

Innocule is associated with INNOCULE MATERIALS AND ADDITIVES PRIVATE LIMITED.

How many employees does Innocule have?

As of Aug 31, 2025, Innocule has 183 employees, reflecting a 64% year-over-year growth in headcount.

Is Innocule a funded company?

Innocule is a funded company, having raised a total of $958K across 2 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Aug 17, 2016.

How much is Innocule worth?

The latest valuation of Innocule is $***** as of May 15, 2024.

When was the latest funding round of Innocule?

Innocule's latest funding was a $***** Seed round on May 15, 2024, with participation from 1 investor. Its primary sector is Diversified Chemicals. In India, the Diversified Chemicals sector has seen $34.4M in funding in 2026 to date.

What is the annual revenue of Innocule?

Annual revenue of Innocule is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Innocule rank among its competitors?

Innocule ranks 1st amongst 26 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Nuclear Fuels, which secured $71.5K in Oct, 2024.

Who are the top competitors of Innocule?

Innocule's top competitors include Sub One Technology, Hanrui Cobalt and Axis House. Among them, Nuclear Fuels secured the most recent funding round in October, 2024.

Innocule - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of chemical solutions for efficient mineral processing. It offers customized solutions addressing challenges in mineral operations, such as low-grade ores and processing difficulties. These solutions aim to maximize output and minimize costs by improving grinding efficiency, reducing downtime caused by material stickiness, enhancing filtration production, and reducing impurities in ores. The solutions are designed for integration into existing plants without significant modifications. Products include solutions for improving grinding, filtration, and reducing impurities in various minerals, as well as enhancing coal quality.

Website: www.innocule.com/
Email ID: *****@innocule.co.in
Phone Number: +91 **********
Registered Address: Plot-1053, IDCO Plot B3/B4 Sarua Industrial Estate, Begunia Tahasil, Khordha, Sarua, Orissa, India, 752057

Key Metrics

Founded Year

2014

Location

Bhubaneswar, India

Stage

Seed

Total Funding

$958K in 2 rounds

Latest Funding Round

Seed, May 15, 2024, $*****

Post Money Valuation

$***** as on May 15, 2024

Investors

Pawan Agarwal & 5 more

Ranked

1^st among 26 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

183 as on Aug 31, 2025

Similar Companies

Sub One Technology & 24 more

View Innocule's full profile

Innocule is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
INNOCULE MATERIALS AND ADDITIVES PRIVATE LIMITED CIN: U24100OR2014PTC018421 , India, Active	Nov 11, 2014	₹10 - ₹50 Cr (As on Mar 31, 2025)	183 (As on Aug 31, 2025)

Innocule has raised a total funding of $958K over 2 rounds. Its first funding round was on Aug 17, 2016. Its latest funding round was a Seed round on May 15, 2024 for $*****. 1 investor participated in its latest round. Innocule has 3 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Innocule:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 15, 2024	8286241	Seed	5646370	3942188	5432918	4897411
Aug 17, 2016	7107031	Angel	6160131	3899283	Pawan Agarwal	Surbhi Sarna

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View details of Innocule's funding rounds and investors

The founders of Innocule are Surbhi Sarna and Gyan Ranjan Das.

Here are the details of Innocule's key team members:

Surbhi Sarna: Co-Founder of Innocule and founder of 1 other company. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Gyan Ranjan Das: Co-Founder of Innocule.
Contact Info: 1 phone number

Innocule's Board of Directors

Innocule's board has 3 active members. Gyana Ranjan Das and Surbhi Sarna are part of team and Gaurav Singh Chauhan is independent board member.

Here is the list of Innocule's board of directors:

Name	Type	Representing	Status	Duration
Gyana Ranjan Das	Team	-	Current	11y 11m
Surbhi Sarna	Team	-	Current	11y 11m
Gaurav Singh Chauhan	Independent board member	-	Current	5y 4m

View details of Innocule's Founder profiles and Board Members

Innocule's employee count trend

Innocule has 183 employees as of Aug 25. The total employee count is 63.0% more than what it was in Aug 24. Here is Innocule's employee count trend over the years:

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Top competitors of Innocule include Sub One Technology, Hanrui Cobalt and Axis House. Here is the list of Top 10 competitors of Innocule, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Innocule 2014, Bhubaneswar (India), Seed	Provider of chemical solutions for efficient mineral processing	$958K	Prospect Innovation, KIIT-TBI & 4 others	45/100
2nd	Sub One Technology 2004, Pleasanton (United States), Series C	Protective coatings for pipelines	$40.3M	Nomura, Advanced Technology Ventures & 4 others	32/100
3rd	Hanrui Cobalt 1997, Nanjing (China), Funding Raised	Production, extraction, and research & development of cobalt and copper ores	-	Jiuzhou Venture Capital	31/100
4th	Axis House South Africa, Unfunded	Provider of metallurgical products and chemical formulations for the mining industry	-	-	33/100
5th	Marlyn 1990, Meyerton (South Africa), Acquired	Provider of specialty chemicals and reagents for mining and water treatment	-	-	29/100
6th	Nuclear Fuels 2022, Vancouver (Canada), Public	Provider of nuclear fuels and technologies for clean and sustainable energy production.	-	enCore Energy	28/100
7th	Ausperl 1996, Padstow (Australia), Acquired	Manufacturer and distributor of chemical & mining trading	-	-	24/100
8th	EKOF 1921, Bochum (Germany), Unfunded	Specialty chemical manufacturer for mining and water treatment industry	-	-	24/100
9th	Mossi Ghisolfi 1953, Tortona (Italy), Funding Raised	Producer of plant based chemicals, bio-fuels and polyster fibres	-	-	23/100
10th	ACM 2007, Vastra Frolunda (Sweden), Acquired	Manufacturer of chemicals and minerals	-	-	20/100

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Founders (largest shareholder) own 90.42%, Funds own 7.24%, Angels own 1.17% and Other People own 1.17%. The net worth of Innocule's founders is INR 104Cr as of May 15, 2024. The cap table displayed below is for INNOCULE MATERIALS AND ADDITIVES PRIVATE LIMITED which is the legal entity associated with Innocule.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	90.42%	104Cr	4028220	5193090	6717827	9631828
Surbhi Sarna	6719435	1845931	2613507	8640979	8543861	5978133
Fund	7.24%	8.35Cr	9486707	3435133	6323344	5609768
Angel	1.17%	1.35Cr	7	6	4	5
Pawan Agarwal	4	2	3	2	3	3
Other People	1.17%	1.35Cr	8	8	3	6
Total	100.00%	115Cr	6514128	1250226	4543112	6523919