When was Innovcare founded?

Innovcare was founded in 2014 and raised its 1st funding round within a year of its incorporation.

Where is Innovcare located?

Innovcare is headquartered in Mumbai, India. It is registered at Office No. 802, Vikas Centre, Dr. C Gidwani Road, Chembur, Mumbai, Maharashtra, India, 400074.

Who is the current CEO of Innovcare?

Lalit Kumar Wadhawan of Innovcare. They have also founded 1 company and are an angel investors in 1 startup.

Which legal entities is Innovcare associated with?

Innovcare is associated with INNOVCARE LIFESCIENCES PRIVATE LIMITED.

How many employees does Innovcare have?

As of Aug 31, 2025, Innovcare has 615 employees, reflecting a 6% year-over-year decline in headcount.

Is Innovcare a funded company?

Innovcare is a funded company, having raised a total of $16M across 6 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Aug 22, 2014.

How much is Innovcare worth?

The last known valuation of Innovcare was $***** as of Oct 07, 2021.

When was the latest funding round of Innovcare?

Innovcare's latest funding was a $***** Series A round on Oct 07, 2021, with participation from 3 investors.

What is the annual revenue of Innovcare?

Annual revenue of Innovcare is between ₹50 Cr and ₹100 Cr as on Mar 31, 2025

Where does Innovcare rank among its competitors?

Innovcare ranks 3rd amongst 1330 active competitors, of which 5 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Keimed, which secured $11.7M in Mar, 2025.

Who are the top competitors of Innovcare?

Innovcare's top competitors include Entero Healthcare, AmerisourceBergen and Keimed. Among them, Keimed secured the most recent funding round in March, 2025.

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

Q: Is Innovcare an acquired company?

Innovcare got acquired by Sun Pharma on Jun 22, 2026.

Company Details

Provider of nutraceutical and functional foods for human health enhancement. The company specializes in marketing and distributing branded products designed to protect against lifestyle-related disorders. Contract manufacturers produce the branded products at various locations. The company focuses on attracting, developing, and retaining individuals to execute its strategy and produce solutions.

Website: www.innovcare.in/
Social
Email ID: *****@innovcare.in
Phone Number: +91 **********
Registered Address: Office No. 802, Vikas Centre, Dr. C Gidwani Road, Chembur, Mumbai, Maharashtra, India, 400074

Key Metrics

Founded Year

2014

Location

Mumbai, India

Stage

Acquired

Total Funding

$16M in 6 rounds

Latest Funding Round

Series A, Oct 07, 2021, $*****

Last Known Valuation

$***** as on Oct 07, 2021

Investors

Peak XV Partners & 14 more

Ranked

3^rd among 1330 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2025

Employee Count

615 as on Aug 31, 2025

Similar Companies

Vyta Health & 237 more

Exit Details

Acquired by Sun Pharma (Jun 22, 2026)

View Innovcare's full profile

Innovcare is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
INNOVCARE LIFESCIENCES PRIVATE LIMITED CIN: U74999MH2014PTC256233 , India, Active	Jul 21, 2014	₹50 - ₹100 Cr (As on Mar 31, 2025)	455 (As on Apr 01, 2026)

Innovcare got acquired by Sun Pharma on Jun 22, 2026 at an acquisition amount of $*****.

Click here to take a look at Innovcare's acquisition in detail

Innovcare has raised a total funding of $16M over 6 rounds. Its first funding round was on Aug 22, 2014. Its latest funding round was a Series A round on Oct 07, 2021 for $*****. 3 investors participated in its latest round. Innovcare has 4 institutional investors and 11 angel investors.

Here is the list of recent funding rounds of Innovcare:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 07, 2021	2819388	Series A	6331841	7675790	9202622	5851999
Aug 09, 2019	2088591	Series A	9867105	6079092	5058962	Peak XV Partners & 1 more
Dec 06, 2016	3041961	Series A	4174323	4395229	Kae Capital	Neville Arsheesh Wadia & 2 more

Access funding benchmarks and valuations. Sign up today!

View details of Innovcare's funding rounds and investors

The founders of Innovcare are Lalit Kumar Wadhawan and Chandan P Rajmane. Lalit Kumar Wadhawan is the CEO of Innovcare.

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

Lalit Kumar Wadhawan: Co-Founder & CEO of Innovcare. They are also an angel investor in 1 startup and serve on the board of 1 company.
Chandan P Rajmane: Chief Marketing Officer & Director of Innovcare. They serve on the board of 1 company.
Contact Info: 1 phone number

Innovcare's Board of Directors

Innovcare's board has 2 active members. Lalit Kumar Wadhawan and Siddharth Vaidya are part of team.

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

Name	Type	Representing	Status	Duration
svzhxmu	Team	-	Past	9y 3m
oahmnpp	Team	-	Past	8y 7m
n{bakwx	Team	-	Past	7y 3m
Siddharth Vaidya	Investor	-	Current	7y 0m

View details of Innovcare's Founder profiles and Board Members

Innovcare's employee count trend

Innovcare has 615 employees as of Aug 25. The total employee count is 7.0% lower than what it was in Aug 24. Here is Innovcare's employee count trend over the years:

Uncover Innovcare's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Innovcare include Entero Healthcare, AmerisourceBergen and Keimed. Here is the list of Top 10 competitors of Innovcare, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Entero Healthcare 2018, Mumbai (India), Public	Provider of integrated healthcare product distribution solutions for manufacturers and pharmacies	$59.7M	Orbimed, Millennium Medicare & 38 others	71/100
2nd	AmerisourceBergen 1985, Chesterbrook (United States), Public	Drug Corporation	-	nextGENE Capital, Walgreens Boots Alliance ... & 4 others	68/100
3rd	Innovcare 2014, Mumbai (India), Acquired	Provider of nutraceutical and functional foods for human health enhancement	$16M	Kalysta Capital, JM Financial Private Equity ... & 13 others	51/100
4th	Keimed 2000, Hyderabad (India), Series B	Pharmaceutical distributor of temperature-sensitive medicines	$16.6M	Mitsui, Apollo Hospitals & 2 others	50/100
5th	Sayre Therapeutics 2015, Bengaluru (India), Series A	Provider of access to innovative therapies for rare and life-threatening diseases	$7.9M	Accel, Aarin Capital & 1 others	47/100
6th	Suresh Pharma Agencies 2009, Chennai (India), Unfunded	Distributor and supplier of pharmaceutical products to customers	-	-	43/100
7th	Flagship Biotech 2008, Mumbai (India), Unfunded	Manufacturer of injectable, oral, and topical pharmaceutical formulations	-	-	42/100
8th	Speciality Medicines 2021, Mumbai (India), Public	Distributor & manufacturer of pharmaceutical medicines	-	-	41/100
9th	Hospimax Healthcare 2009, Delhi (India), Unfunded	Distributor of pharmaceutical products	-	-	41/100
10th	Neelkanth Drugs 1989, Delhi (India), Unfunded	Distributor of pharmaceutical products	-	-	40/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Innovcare's competitors? Click here to see the top ones

Founders own 25.20%, Funds (largest shareholder) own 67.70%, Angels own 5.69% and Other People own 0.02%. The net worth of Innovcare's founders is INR 42Cr as of Oct 07, 2021.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	25.20%	42Cr	2411421	9112213	6416509	7307279
Lalit Kumar Wadhawan	5613893	7062261	7973181	1929728	8651250	6025176
Dipin Varma	45	19	87	48	35	42
Chandan P Rajmane	18	88	88	71	12	80
Fund	67.70%	113Cr	4912235	1022868	2732692	8716103
JM Financial Private Equity	7304886	9838555	1986173	7117682	8963426	1265985
Kae Capital	4694	4883	3712	8520	7535	5232
Angel	5.69%	9.49Cr	19183	21645	79006	98671
Natasha Melwani	7	5	4	3	2	3
Neville Arsheesh Wadia	0	0	0	0	0	0
Other People	0.02%	3.85L	0	0	0	0
ESOP Pool	1.37%	2.28Cr	3	3	3	2
Total	99.98%	167Cr	3694567	7493350	4832463	1180716