City
Epaper

Omnichannel diagnostics platform Redcliffe Lifetech raises $61 mn

By IANS | Updated: May 6, 2022 10:25 IST

New Delhi, May 6 Leading omnichannel diagnostics platform Redcliffe Lifetech on Friday said it has raised $61 million ...

Open in App

New Delhi, May 6 Leading omnichannel diagnostics platform Redcliffe Lifetech on Friday said it has raised $61 million led by LeapFrog Investments, and will expand its reach into tier 2, 3 and 4 cities across the country.

The new funds will also be utilised to scale its platform and increase its product offerings to radiology, disease data profiling and lifestyle management, the company said in a statement.

"Preventative medicine is the future of health in India. This investment will help us scale rapidly to achieve our goal to reach 500 million Ind within the next five years," said Dheeraj Jain, Founder of Redcliffe Lifetech.

The latest funding round saw participation from Healthquad, Schroders, LC Nueva, Growth Spark Ventures and existing investors Chiratae Ventures and Alkemi Venture Partners.

"Redcliffe is an exemplar of LeapFrog's focus on digital-led and asset-light business models that enable access to essential healthcare services to emerging consumers," said Biju Mohandas, Partner and Global Co-Leader for Health Investments at LeapFrog Investments.

Redcliffe delivers diagnostics services in its network of22 labs across 14 cities, several of which are already NABL accredited.

Its omni-channel infrastructure combines innovative online channels with a fleet of 400 phlebotomists operating in more than 100 cities with home sample collection and an off-line network of 500 collection centres.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Redcliffe Lifetech Pvt LtdLeapfrog investmentsDheeraj jainBiju mohandasindiaNew DelhiThe new delhi municipal councilDelhi south-westIndiUk-indiaRepublic of indiaIndia indiaNew-delhi
Open in App

Related Stories

NationalDonald Trump Imposes Additional 25% Tariff on India, Total Tariff Now 50%

NationalDelhi: 8 Accused in Vehicle Theft Cases Arrested During Police Patrolling, Stolen Scooters and Bikes Recovered

TechnologyWill the Government Have to Offer More Incentives on EVs? NITI Aayog Raises Concerns Over Slow Sales Growth

OpinionsWhy is Trump So Upset with India?

MumbaiUniversity of Bristol Chooses Mumbai for Its First Overseas Campus, Set to Open in September 2026

Technology Realted Stories

TechnologyNearly $30 billion in Indian exports secure from Trump's 50 pc tariff so far

TechnologyTRAI issues advisory on fraudulent activities misusing its name

TechnologySTPI’s expansion spurs IT growth in India's non-metro cities, boosts exports and jobs

TechnologyCentre approves over Rs 304 crore for R&D in 5G and 6G technologies: Minister

TechnologyBlack scorpion sting injects 25 distinct deadly toxins: IASST study