#startupoftheday 36- Ennoventure

October 21, 2021 | Thursday | Features

Combating Counterfeit Drugs in India

Inception- 2018

Location- Bengaluru & US

Founder- Padmakumar Nair (Chief Executive Officer), Shalini V Nair (Chief Technology Officer)

Total team strength- 40

Total funds raised -Rs 45 crore

Investors- Fenice Investment Group, US

Revenue generated since inception- NA

 

Key Highlights-

  • Developed Enncrypto as a non-disruptive solution for verifying the authenticity of product packaging
  • Encryption technology employs AI, cryptography and blockchain to add an invisible cryptographic code to the packaging
  • Currently focusing its efforts on companies across diverse industries like FMCG, Pharmaceuticals, Agro-Chemicals, Luxury Goods in India
  • Received 2 patents in the US
  • Recognised by Microsoft for Startups
  • A member of the International and Counterfeiting Coalition (IACC)
  • Recognised as one of the innovative businesses among 24 other leading players and further, accepted into Mohammed Bin Rashid Innovation Fund (MBRIF) Accelerator Programme’s Cohort

 

Founder Speaks-

"We are currently focusing our efforts in pharmaceutical companies in India as it is a key market for the export of generic drugs and further plan to expand to the European and US markets."

-Padmakumar Nair, Co-founder and Chief Executive Officer, Ennoventure, Bengaluru

 

Comments

× Your session has expired. Please click here to Sign-in or Sign-up

Have an Account?

Forgot your password?

First Name should not be empty!

Last Name should not be empty!

Email address should not be empty!

Show Password should not be empty!

Show Confirm Password should not be empty!

Newsletter

E-magazine

Biospectrum Infomercial

Bio Resource

I accept the terms & conditions & Privacy policy