Redcliffe Lifetech raises USD 61 mn from investors, Health News, ET HealthWorld

New Delhi, Leading diagnostics platform Redcliffe Lifetech on Friday stated it has raised USD 61 million (round Rs 466 crore) in a funding spherical led by LeapFrog Investments. Healthquad, Schroders, LC Nueva, Growth Spark Ventures and current traders Chiratae Ventures and Alkemi Venture Partners additionally participated within the funding spherical. The funding might be used to develop its geographic attain throughout the nation, with a give attention to increasing its low-cost prime quality direct-to-consumer diagnostics, into tier 2, 3 and 4 cities, the corporate stated in a press release. The newest funding may also be used to scale its platform and enhance its product choices to radiology, illness knowledge profiling and life-style administration, furthering its mission to shift India’s healthcare focus from remedy to early prognosis and prevention, it added. “Preventative medication is the way forward for well being in India, serving to to empower the common Indian with the data they should take cost of their well being and wellbeing,” Redcliffe Founder Dheeraj Jain famous. The firm has constructed a one-stop diagnostic store providing a really vast choice of checks to decide on from and delivering care nearer to the client and the recent funding will assist to scale up quickly to attain the objective to achieve over 50 crore Indians throughout the subsequent 5 years, he added. “Redcliffe’s imaginative and prescient of shifting healthcare from treating the sick to enabling wellness may have profound implications for tens of millions. We’re thrilled to be partnering with Dheeraj and his administration workforce to additional scale their attain throughout India,” LeapFrog Investments Partner and Global Co-Leader for Health Investments Biju Mohandas stated. Redcliffe at the moment has a community of twenty-two laboratories throughout 14 cities within the nation.

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