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- La Renon
La Renon Revenue, Valuation, Funding & Investors
La Renon is valued at $1.2B as of November 2025, a 6.5x multiple on its last reported $180M revenue.
Last La Renon valuation
$1.2B
Secondary · Nov 2025
Last La Renon funding round
$30M
Series B · Jan 2021
La Renon revenue
$180M
Secondary · Nov 2025
Key investors in La Renon
Avendus Capital
Peak XV Partners
A91 Partners
ChrysCapital
Creador
Siguler Guff & Company
About La Renon
La Renon is an Indian pharmaceutical company manufacturing formulations for cardiology, diabetology, and neurology. Headquartered in Ahmedabad, Gujarat, it produces 300+ products including tablets, injectables, and ophthalmics, exported to 25 countries in Asia and Africa. The firm operates a WHO-GMP certified facility with 200 employees, focusing on chronic disease therapies like antihypertensives and statins.
Founded
2007
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$180M (Nov 2025)
Valuation
$1.2B (Nov 2025)
Sectors
La Renon Valuation
La Renon is currently valued at $1.2B, based on its secondary sale in November 2025.
The $112M round was led by Creador, with participation from Siguler Guff & Company, Avendus Capital and White Oak Capital Management.
La Renon's valuation has grown 12x from $100M at its Series A in June 2015 to $1.2B in November 2025, across 5 priced rounds.
La Renon valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2025 | Secondary | $1.2B | 6.5x |
| Feb 2025 | Secondary | $1.2B | 6.5x |
| Apr 2024 | Secondary | $800M | 5.3x |
| Jan 2021 | Series B | $500M | - |
| Jun 2015 | Series A | $100M | - |
La Renon Revenue
La Renon's latest recorded revenue is $180M, as of its secondary sale in November 2025. At a $1.2B valuation, that implies a 6.5x revenue multiple.
Revenue grew from $150M in April 2024 to $180M in November 2025, while the revenue multiple moved from 5.3x to 6.5x.
La Renon revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2025 | $180M | $1.2B | 6.5x | Secondary |
| Feb 2025 | $182M | $1.2B | 6.5x | Secondary |
| Apr 2024 | $150M | $800M | 5.3x | Secondary |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
La Renon Funding History
La Renon has raised a total of $46M across 2 funding rounds, plus 3 secondary share sales.
La Renon's first fundraising round was a $16M Series A in June 2015. The most recent completed round was a $30M Series B in January 2021.
La Renon funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2025 | Secondary | Creador (lead); Siguler Guff & Company; Avendus Capital; White Oak Capital Management | $112M | $1.2B | La Renon Healthcare, founded in 2007, is an Ahmedabad-based pharmaceutical company specializing in branded formulations for chronic therapies, with a strong presence in nephrology, neurology, CNS, gastroenterology, gynaecology, and cardio-diabetology. Exports account for 40-45% of its revenue. The company operates through subsidiaries including Stanford Laboratories, Frimline, Enaltec Labs, and Rusoma Healthcare, with around 340 formulations in its portfolio. An investor consortium including Creador (lead, acquiring 7% for ~Rs 770 crore), WhiteOak Capital Management, Siguler Guff (jointly 3% for ~Rs 330 crore), and Avendus acquired about 10% stake from promoters (led by Pankaj Singh, selling ~6%) and existing investors like Peak XV Partners and A91 Partners. The transaction valued La Renon at Rs 11,000 crore ($1.2 billion) in November/December 2025, a 38% increase from Rs 8,000 crore in February 2025 (Avendus) and Rs 6,500 crore last year (ChrysCapital). La Renon reported Rs 1,685 crore revenue and Rs 356 crore EBITDA for FY25 (ending March 2025), with a 25% revenue CAGR and 30% EBITDA CAGR over the past decade. It projects Rs 2,000 crore revenue and Rs 450 crore EBITDA for FY26. Previous funding includes Peak XV (Rs 100 crore Series A in 2015), A91 Partners (2021), and ChrysCapital ($70 million in 2024). |
| Feb 2025 | Secondary | Avendus Capital (lead) | $18M | $1.2B | La Renon Healthcare is a branded formulations company founded in 2007, specializing in chronic therapies like nephrology, CNS, gastroenterology, gynaecology, and cardio-diabetology, with a pan-India footprint and 40-45% revenue from exports. In a major secondary transaction around April 2025, the company was valued at ₹11,000 crore ($1.2 billion), a 38% increase from ₹8,000 crore in February 2025 when Avendus Future Leaders Fund invested. Creador acquired a 7% stake for ₹770 crore, while WhiteOak Capital and Siguler Guff jointly took 3% for ₹330 crore, with stake dilution from promoters (led by Pankaj Singh) and existing investors like Peak XV Partners and A91 Partners; Avendus also participated. For FY25 (ending March 31, 2025), La Renon reported revenue of ₹1,700 crore and EBITDA of ₹360 crore, projecting ₹2,000 crore revenue and ₹450 crore EBITDA for the current fiscal year. Previously, ChrysCapital acquired an 8% stake at ₹6,500 crore valuation last year, and Avendus invested in a minority stake via secondary sale earlier in 2025 at the ₹8,000 crore mark. Promoters hold significant ownership alongside investors like Peak XV (14%) and A91 Partners (6%). |
| Apr 2024 | Secondary | ChrysCapital (lead) | $72M | $800M | La Renon Healthcare is an Ahmedabad-based pharmaceutical company founded in 2007 by Pankaj Singh, specializing in the manufacturing and marketing of branded generic formulations, with a focus on therapeutic areas including nephrology, neurology, gastroenterology, cardio diabetic, critical care, and gynecology. The company operates two manufacturing units, two API units, an in-house R&D center, and holds over 250 patents across India, the US, EU, and Canada. It employs nearly 3,500 people and exports contribute 40-45% to its net sales. ChrysCapital acquired an approximately 8% stake from the promoter family in a secondary transaction for Rs 600 crore ($70 million), valuing La Renon at Rs 6,500 crore ($800 million). O3 Capital acted as the exclusive financial advisor to La Renon. Post-transaction, promoters retain about 80% ownership, Peak XV Partners (formerly Sequoia Capital) holds 14%, and A91 Partners owns 6%. In FY24, La Renon recorded revenue of Rs 1,400 crore and EBITDA of Rs 300 crore. The investment supports La Renon's ambition to rank among the top 20 Indian pharma companies within five years, with expansion planned into Latin America, the Middle East, Africa, Southeast Asia, and CIS regions. ChrysCapital, with a strong pharma portfolio including Intas Pharmaceuticals, Mankind Pharma, and Eris Lifesciences, views La Renon as a fast-growing player in niche and chronic therapeutic areas. |
| Jan 2021 | Series B | A91 Partners (lead) | $30M | $500M | La Renon Healthcare Pvt Ltd, founded in 2008 by Pankaj Singh in Ahmedabad, India, specializes in pharmaceutical products and services for critical illnesses, pioneering nephrology in the country with a claimed 30% market share in that segment. The company operates primarily in the domestic formulations market, with exports under 4% of operating income, and focuses on therapeutic areas like nephrology and neuropsychiatry. As of March 31, 2021, promoters held 72% equity, Sequoia Capital 13.91%, and A91 Partners 6% post-investment. In November 2021, A91 Partners invested $30 million (Rs 220 crore) for a 5-6% stake at a $500 million post-money valuation, marking their entry after Sequoia's earlier funding. Sequoia retained a 12.5% stake. The funds were allocated to expand the product portfolio and enhance research and development capabilities. Financially, for FY21 ending March 31, 2021 (relevant to the round ~8 months later), La Renon reported strong operating cash flow of Rs.102 crore against net profit of Rs.103 crore and gross cash accruals of Rs.115 crore. PBILDT margin improved to 27% in FY21 due to cost savings amid travel restrictions. Debtor days improved from 133 in FY21 to 92 in 9MFY22, with low gearing of 0.15x and no plans for additional debt. The company maintained a comfortable capital structure supported by growing cash accruals and liquid investments. Subsequent rounds show valuation growth: ChrysCapital at Rs.6,500 crore last year, Avendus at Rs.8,000 crore in February, and a recent deal valuing it at Rs.11,000 crore ($1.2B) with WhiteOak, Siguler Guff, and Creador acquiring ~10% for Rs.1,100 crore, involving promoter and existing investor dilutions including A91 and Peak XV (Sequoia). |
| Jun 2015 | Series A | Peak XV Partners (lead) | $16M | $100M | La Renon Healthcare, an Ahmedabad-based pharmaceutical company specializing in chronic diseases segments like nephrology and neurology, raised Rs 100 crore ($16 million) in a Series A round in 2015 from Sequoia Capital (now Peak XV Partners) at a valuation of $100 million. This marked the initial institutional investment in the company founded in 2007 by Pankaj Singh. The round positioned La Renon for growth in India's branded formulations market focusing on chronic therapeutic areas. Following the 2015 round, La Renon attracted further investors including A91 Partners in 2021 with Rs 220 crore at a $500 million valuation, where A91 acquired 5-6% stake while Peak XV retained around 12.5%. Subsequent investments included ChrysCapital's $70 million for 8% stake in 2024 valuing the company at Rs 6,500 crore, and others like Avendus and Creador in later secondary transactions pushing valuations higher to around Rs 11,000-11,400 crore ($1.26 billion). Later FY20 gross sales were Rs 800 crore with EBITDA Rs 150 crore, and FY25 revenue Rs 1,685 crore with EBITDA Rs 356 crore. |
Who has invested in La Renon?
7 investors have backed La Renon across its funding rounds, including Avendus Capital, Peak XV Partners, A91 Partners, ChrysCapital, Creador and Siguler Guff & Company.
Lead investors include Creador, Avendus Capital, ChrysCapital, A91 Partners and Peak XV Partners.
La Renon Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Feb 2025 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Lead | Jan 2021 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Lead | Apr 2024 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by La Renon
La Renon has acquired 1 company to date.
Last acquisition by La Renon was on January 20th 2022. La Renon acquired Enaltec Labs for $26M.
Latest Acquisitions by La Renon
| Description | Enaltec Labs is an Indian pharmaceutical company specializing in generic formulations and finished dosage products. Hyderabad-based, the firm manufactures tablets, capsules, injectables, and ointments for domestic and export markets, holding approvals from regulatory bodies like USFDA and WHO. |
| HQ Country | |
| HQ City | Mumbai |
| Deal Date | 20 Jan 2022 |
| Valuation | $26M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all La Renon acquisitions and their M&A valuation multiples. Start Free Trial | |
La Renon Competitors
La Renon competitors include listed companies like Apnimed, Everest Medicines, Seaport Therapeutics and Cosmo, and private ones like Antekin Biotech and Abcuro.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.2B | - | ||
| Publicly listed | $38M | ($2M) | $1.2B | - | ||
| Publicly listed | $254M | ($72M) | $1.2B | 2.9x | ||
| Publicly listed | - | ($84M) | $1.2B | - | ||
| Publicly listed | $120M | $13M | $1.2B | 7.8x | ||
| Private | - | - | $1.2B | - |
La Renon Public Comps
La Renon is still privately-owned, but its public comps include Apnimed, Everest Medicines, Seaport Therapeutics, Cosmo, TOWA Pharmaceutical, MannKind, Strides Pharma, OPKO Health, Uniphar and Replimune Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $38M | ($2M) | 34.4x | - | (571.3x) | - | |||
| $254M | ($72M) | 4.6x | 2.9x | (16.3x) | 22.3x | |||
| - | ($84M) | - | - | (10.7x) | (6.5x) | |||
| $120M | $13M | 8.0x | 7.8x | 76.4x | 70.8x | |||
| $1.8B | $244M | 1.4x | 1.3x | 9.9x | 7.8x | |||
| $349M | $43M | 3.9x | 3.3x | 31.6x | - | |||
| $483M | $104M | 2.7x | 2.4x | 12.7x | 12.6x | |||
| $607M | ($56M) | 2.2x | 2.3x | (23.3x) | (11.2x) | |||
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Common questions about La Renon
| When was La Renon founded? | La Renon was founded in 2007. |
| Where is La Renon headquartered? | La Renon is headquartered in Ahmedabad, India. |
| Is La Renon publicly listed? | No, La Renon is a private, VC-backed company. |
| What is La Renon's valuation? | La Renon was last valued at $1.2B in its secondary sale in November 2025. |
| How much funding has La Renon raised? | La Renon has raised $46M across 2 funding rounds. |
| What was La Renon's last funding round? | La Renon's last funding round was a $30M Series B in January 2021, led by A91 Partners. |
| Who are La Renon's investors? | La Renon's investors include Avendus Capital, Siguler Guff & Company, A91 Partners, White Oak Capital Management, ChrysCapital, Creador and Peak XV Partners. |
| What is La Renon's revenue? | La Renon's latest recorded revenue is $180M (November 2025). |
| What is La Renon's revenue multiple? | La Renon's latest valuation implies a 6.5x revenue multiple ($1.2B valuation on $180M of revenue). |
| Which companies are comparable to La Renon? | Companies comparable to La Renon include Antekin Biotech, Apnimed, Everest Medicines, Seaport Therapeutics, Cosmo and Abcuro. |
| How many companies has La Renon acquired? | La Renon has acquired 1 company, including Enaltec Labs. |
| What was the largest acquisition by La Renon? | The $26M acquisition of Enaltec Labs in January 2022 is the largest acquisition La Renon has made to date. |
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