Pharma startup V-Ensure raises Rs 130 Cr led by Investcorp
Contract drug manufacturing company, V-Ensure Pharma Technologies, on Tuesday said it raised Rs 130 crore ($17.5 million) in funding led by Investcorp, along with Asia-based private investment firm, Tanas Capital.
With this current investment, Investcorp has completed its third healthcare investment in India and first in the pharmaceutical sector.
Satyanarayana Vemula, CEO of V-Ensure, said,
“We are delighted to partner with Investcorp as we expand our business from a contract research organisation (CRO) to a fully integrated specialty pharmaceutical company. We will continue to deliver patient centric solutions through our proprietary technology and competence in developing complex generics for regulated markets.”
Founded in 2010 by Satyanarayana Vemula, V-Ensure is a developer of speciality pharmaceutical formulations focused on complex generics for regulated markets. Its core competence lies in the development of complex molecules for regulated markets without infringing on any existing patents.
The company also specialises in developing strategies to obtain regulatory approvals for the commercialisation of these molecules by end-to-end managing the necessary processes and documentation required by the regulator.
V-Ensure claims to have developed solid oral, liquid oral, and injectable products for more than 45 clients across Europe, North America, China, Australia, and Brazil.
With a team of over 150 scientists heading pharmaceutical development programmes for major pharmaceutical markets, the company is also solving problems in R&D and manufacturing.
Gaurav Sharma, Head of Private Equity, Investcorp India, added,
“As our first pharmaceutical deal in India, we are confident that healthcare globally will continue to be centre stage for the future. Investcorp’s global presence and knowledge will potentially help V-Ensure as they look to establish their presence directly in the US market.”
Since 2019, Investcorp has been investing in India across the healthcare, business services, financial services, consumer and retail, and technology sectors. Its investments over the last four years include Nephroplus, Wingreens, Intergrow Brands, Bewakoof.com, FreshToHome, Zolostays, InCred, Citykart, ASG Eye Hospital, Unilog, Xpressbees, and Safari Industries.
V-Ensure Pharma Technologies seems to be an intriguing startup with inspiring development on development of pharmaceutical . I’m certain this startup would keep on thriving in its excursion ahead. My all the best to the whole group of V-Ensure Pharma Technologies. This will give them an enormous achievement in future.Shishir Gupta, Founder and CEO, StartupLanes
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
Check out our YouTube channel for insightful content from the Indian startup ecosystem.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.