India is among the top 12 destinations for biotechnology worldwide. The Indian bioeconomy has grown from USD 62.5 billion in 2019 to USD 70.2 billion in 2020 at a growth rate of 12.3%. The Indian biotechnology industry is expected to reach USD 150 billion by 2025, with a CAGR (Compound Annual Growth Rate) of 16.4%.
The biotechnology industry in India comprises >2700 biotech startups and is estimated to reach 10,000 by 2024 which aims to provide high quality drugs, better diagnosis & MedTec products available at reasonable price.
Recently, India hosted the Biotech Startup expo 2022 which showcased around 300 biotech startups from various disciplines like biopharma, genomics, agriculture, and industrial biotech.
Here are the top 12 emerging startups in India:
Pandorum Technologies
CEO and Co-founder - Tuhin Bhowmick
Located in Bangalore, Karnataka, Pandorum Technologies is creating functional human tissues that can be used for medical research. Using 3D printing technology, the company is working on creating human liver tissue that can act as a replacement during liver transplantation or failures.
XCode Life Sciences
CEO and Co-founder - Saleem Mohammed
Located in Chennai, Tamil Nadu, XCode Life Sciences develops testing kits that provide detailed information on nutrition, exercise, health, and ancestry. The company's personal genomics testing kits deliver reliable and useful genomic information aimed at improving human health and quality of life.
Oncostem Diagnostics
CEO & Founder: Manjiri Bakre
Located in Bangalore, Karnataka, Oncostem Diagnostics creates predictive and prognostic tests intended to identify patterns of cancer recurrence risk. The company's method entails combining the disease's molecular signature with clinicopathological criteria that have been used in the prognostic evaluation of cancer for years, allowing doctors to create the best treatment plans for their patients.
Zumutor Biologics
CEO and Co-founder - Kavitha Iyer Rodrigues
Located in Bangalore, Karnataka, Zumutor Biologics aims to provide targeted NK cell therapies. The company creates high-diversity human antibody libraries to discover new immunotherapies and monoclonal antibodies, allowing doctors to access innovative immunotherapies that target innate immunity and modulate the tumor microenvironment.
Sea6 Energy
CSO and Co-founder - Sri Sailaja Nori
Located in Bangalore, Karnataka, Sea6 Energy focuses on producing ethanol from seaweed and converting it into biofuel, plant growth stimulants, animal feed ingredients, and other renewable resources. This helps solve feedstock problems like land use, freshwater requirements, and opportunity costs.
Vyome Therapeutics
CEO - Venkat Nelabhotla
Located in New Delhi, Delhi, Vyome Therapeutics develops novel medicines and treatments for the treatment of inflammatory illnesses with locally active therapeutics. The company's novel medicines are identified and developed to treat refractory skin conditions such as persistent dskin fungal infections, resistant acne, and other skin bacterial infections using novel formulations for site-targeted applications.
GANIT Labs
Founder - Binay Panda
Located in Bangalore, Karnataka, Ganit Labs uses genomic sequencing to sequence and interpret data from various organisms. The company is government-funded and a non-profit organization.
MedGenome
CEO - Vedam Ramprasad
Located in Bangalore, Karnataka, MedGenome operates a genomics diagnostics and research platform to understand the genetic markers for metabolic disorders, cancer, and rare diseases. Using computing, analytics, and bioinformatics, the company can provide deep insights into these diseases on a molecular level.
Mapmygenome
CEO and Founder - Anu Acharya
Located in Hyderabad, Andhra Pradesh Mapmygenome provides molecular diagnostics services. Based on these services, the company provides detailed genetic insights on drug responses, inherited conditions, and diseases.
Farcast Biosciences
CEO- Mohit Malhotra
Located in Bangalore, Karnataka, Farcast Biosciences uses its innovative platform to preserve the tumor microenvironment. This enables doctors to evaluate the correct therapy that will be most beneficial to the patient before any treatment begins.
Bugworks Research
CEO and Co-founder - Anand Anandkumar
Located in Bangalore, Karnataka, Bugworks Research develops novel antibiotic drugs to tackle problems associated with AMR (Antimicrobial Resistance). The company is also building small molecules against solid tumors, which can be used as both stand-alone and combined therapeutics.
Bharat Biotech
Chairman & Managing Director - Dr. Krishna Ella
Located in Telangana, Hyderabad, Bharat Biotech develops biotherapeutics and vaccines that are safe and effective. Some of the products they have launched are REGEN-D to treat diabetic foot ulcers, a vaccine against typhoid called Typbar TCV® that received WHO-Prequalification in January 2018, and COVAXIN — a vaccine against Covid-19
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