About In Vitro Diagnostics sector in India
The In Vitro Diagnostics sector in India comprises 171 companies, including 95 funded companies having collectively raised $279M in venture capital money and private equity. Out of these, 13 are Series A+ funded, and 1 has achieved unicorn status.
In Vitro Diagnostics sector in India has seen 4 acquisitions.
This sector includes companies engaged in R&D for diagnostics tests for diagnosis and treatment of various diseases.
Companies included in In Vitro Diagnostics
Companies developing assays on samples such as blood or tissue that have been taken from the human body for the diagnosis of various diseases.Companies excluded in In Vitro Diagnostics
Traditional Diagnostic Technologies, Diagnostic Devices, In vivo Testing TechnologiesTop In Vitro Diagnostics Companies in India
There are more than 171 companies in In Vitro Diagnostics in India. Molbio Diagnostics is the top In Vitro Diagnostics company in India, ranked using Tracxn Score (what's this?).
Here are 5 of the top In Vitro Diagnostics companies in India:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Developer of point-of-care molecular diagnostic platform for infectious disease detection | Salcete (India) | 2000 | Series C | $124M | |
Provider of precision oncology solutions, including genomic testing and digital health | Bengaluru (India) | 2018 | Series A | $12.5M | |
Provider of genomics technology for personalized clinical decisions | Mumbai (India) | 2018 | Seed | $16.6M | |
Provider of AI-powered cervical cancer detection system | Bengaluru (India) | 2012 | Seed | $304K | |
Molecular diagnostic solutions and products for the healthcare industry | Hyderabad (India) | 2015 | Seed | $106K |
Companies founded year-on-year in the In Vitro Diagnostics sector in India
15 In Vitro Diagnostics startups in India were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | 4 |
2023 | 8 |
2022 | 5 |
2021 | 7 |
2020 | 10 |
2019 | 11 |
2018 | 15 |
2017 | 11 |
Stage-wise distribution of In Vitro Diagnostics sector companies in India
Out of the total 171 In Vitro Diagnostics companies in India, 95 have secured funding. Among them, 13 have reached Series A or higher, and 7 to Series B or beyond.
Founded - 171
Funded - 95
Series A+ - 13
Series B+ - 7
Series C+ - 6
Company Stage | No. of companies |
|---|---|
Founded | 171 |
Funded | 95 |
Series A+ | 13 |
Series B+ | 7 |
Series C+ | 6 |
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Funding Trends in the In Vitro Diagnostics sector in India
Total funding year-on-year in the In Vitro Diagnostics sector in India
The In Vitro Diagnostics sector in India saw a total funding of more than $257M in the last 10 years. The most amount of funding was in 2022 at more than $87.6M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $9.35M |
2024 | $24.6M |
2023 | $6.5M |
2022 | $87.6M |
2021 | $29.3M |
2020 | $21.4M |
2019 | $3.1M |
2018 | $54.5M |
2017 | $10.1M |
Recent Funding Rounds in In Vitro Diagnostics in India
In the year 2025, till November 2025, In Vitro Diagnostics companies in India have raised $9.3M in equity funding across 6 rounds.
In the same period last year (i.e. till September 2024), In Vitro Diagnostics companies in India had raised $20.6M across 11 rounds.
So, 2025 has seen a 54.93% drop in funding in In Vitro Diagnostics companies in India as compared to 2024.
Here are some recent, important funding rounds in In Vitro Diagnostics companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 1419 | Nov 04, 2025 | ||
Seed | 6305 | Sep 18, 2025 | ||
Seed | 7322 | Apr 01, 2025 | ||
Seed | 1907 | Mar 17, 2025 | ||
Seed | 2006 | Jan 13, 2025 |
Top Investors in In Vitro Diagnostics in India
BIRAC is the top investor in In Vitro Diagnostics companies in India based on number of companies invested.
Here are some top investors in In Vitro Diagnostics companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Delhi (India) | ||
Bengaluru (India) | ||
New York City (United States) | - | |
Delhi (India) | ||
Menlo Park (United States) | - |
M&A activity in In Vitro Diagnostics sector in India
In the year 2022, till November 2022, 1 acquisition happened in In Vitro Diagnostics sector in India.
Here are some recent, important acquisitions in In Vitro Diagnostics sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Nov 03, 2022 | ||
Business Acquisition | Nov 15, 2019 | ||
Acqui-Hired | Jul 03, 2014 | ||
Business Acquisition | Jul 2012 | ||
Business Acquisition | Jul 05, 2011 |
Acquisition trends in In Vitro Diagnostics sector in India
Here are the acquisition trends in In Vitro Diagnostics sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | 1 |
2021 | - |
2020 | - |
2019 | 1 |
2018 | - |
2017 | - |
Colleges which produce the most In Vitro Diagnostics companies in India
Companies founded by alumni from top colleges in the In Vitro Diagnostics in India
Most number of In Vitro Diagnostics startups in India have been founded by alumni from BITS Pilani, IIT Delhi and IIT Kharagpur.
College | No. of companies |
|---|---|
BITS Pilani | 6 |
IIT Delhi | 4 |
IIT Kharagpur | 2 |
University of California (Berkeley) | 2 |
Anna University | 1 |
Carnegie Mellon University | 1 |
Columbia University | 1 |
Cornell University | 1 |
IIM Bangalore | 1 |
IIM Calcutta | 1 |
Total funding in In Vitro Diagnostics companies founded by alumni from top colleges in India
In the last 10 years, BITS Pilani graduates' In Vitro Diagnostics companies in India have raised the most funding among top colleges. University of California (Berkeley) alumni are second, and IIT Kharagpur alumni are third.
College | Total Funding |
|---|---|
BITS Pilani | $124M |
University of California (Berkeley) | $64.7M |
IIT Kharagpur | $16.6M |
University of Oxford | $16.6M |
Indian Institute of Science | $9M |
IIT Delhi | $7.29M |
IIM Calcutta | $5.19M |
IIT Bombay | $4.77M |
IIT Madras | $688K |
Carnegie Mellon University | $453K |
Top News in In Vitro Diagnostics in India
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Q-CTRL Expands in India with Reseller Network for Quantum Education MissionBusiness News This Week•Jun 11, 2025•Q-Ctrl, Quantum Biosciences, Kquanta Research
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Molbio Diagnostics Launches Upgraded Cervical Cancer Screening Test in IndiaBioSpectrum India•Apr 24, 2025•Molbio Diagnostics
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Molbio Diagnostics strengthens leadership, onboards distinguished public health advocatesBioSpectrum India•Nov 27, 2024•Molbio Diagnostics
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After Rs 215 Cr profit in FY22, Molbio reports Rs 3 Cr loss in FY23Entrackr•Jun 06, 2024•Molbio Diagnostics
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Molbio Diagnostics Deploys New-age Technologies To Launch Innovative Products In 2024BioSpectrum India•May 11, 2024•Molbio Diagnostics
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CŌRE Diagnostics collaborates with PredOmix to launch multi-cancer detection test for womenBioSpectrum India•Jul 14, 2023•CORE, PredOmix
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Molbio Diagnostics, SigTuple to build next-gen AI-enabled portable devicesBioSpectrum India•Apr 13, 2023•Molbio Diagnostics, SigTuple
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