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.

What is the annual revenue of Innocule?

Annual revenue of Innocule is ₹36.4Cr as on Mar 31, 2025.

Where does Innocule rank among its competitors?

Innocule ranks 1st amongst 22 active competitors, of which 3 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, Axis House and Nuclear Fuels. Among them, Nuclear Fuels secured the most recent funding round in October, 2024.

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

Innocule is a seed company based in Bhubaneswar (India), founded in 2014 by Surbhi Sarna and Gyan Ranjan Das. It operates as a Provider of chemical solutions for efficient mineral processing. Innocule has raised $958K in funding, with a current valuation of ₹*****. The company has 22 active competitors, including 3 funded and 4 that have exited. Its top competitors include companies like Sub One Technology, Axis House and Nuclear Fuels.

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 22 active competitors

Annual Revenue

₹36.4Cr as on Mar 31, 2025

Employee Count

183 as on Aug 31, 2025

Similar Companies

Sub One Technology & 20 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	Documents
INNOCULE MATERIALS AND ADDITIVES PRIVATE LIMITED CIN: U24100OR2014PTC018421 , India, Active	Nov 11, 2014	$4.31M (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	9482856	Seed	9615207	6024976	3257709	3363274
Aug 17, 2016	4827577	Angel	1965712	2242553	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.

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, Axis House and Nuclear Fuels. 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, A99 & 4 others	44/100
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	Axis House South Africa, Unfunded	Provider of metallurgical products and chemical formulations for the mining industry	-	-	29/100
4th	Nuclear Fuels 2022, Vancouver (Canada), Public	Provider of nuclear fuels and technologies for clean and sustainable energy production.	-	enCore Energy	28/100
5th	Mossi Ghisolfi 1953, Tortona (Italy), Funding Raised	Producer of plant based chemicals, bio-fuels and polyster fibres	-	-	25/100
6th	EKOF 1921, Bochum (Germany), Unfunded	Specialty chemical manufacturer for mining and water treatment industry	-	-	24/100
7th	ACM 2007, Vastra Frolunda (Sweden), Acquired	Manufacturer of chemicals and minerals	-	-	23/100
8th	Rivalia Chemical 2022, New York City (United States), Seed	Producer of rare earth elements from coal fly ash, powering the energy transitions	$20K	Techstars, National Science Foundation & 1 others	23/100
9th	Raoa Group 1983, Mumbai (India), Unfunded	Manufacturer of mining chemicals, rubber chemicals, solvents, and agro chemicals	-	-	21/100
10th	Marlyn 1990, Meyerton (South Africa), Acquired	Provider of specialty chemicals and reagents for mining and water treatment	-	-	21/100

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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.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	90.42%	104Cr	6483762	7792021	5553315	6612146
Surbhi Sarna	6574557	5441068	4785000	8838031	1871082	6018799
Fund	7.24%	8.35Cr	2639605	6517220	4536823	2977318
Angel	1.17%	1.35Cr	8	3	8	1
Pawan Agarwal	6	3	6	6	1	2
Other People	1.17%	1.35Cr	5	2	4	6
Total	100.00%	115Cr	2351205	2133166	1833751	2648127