PE Fund Investments
Diagnostic chain Redcliffe Labs raises $42-M in Series C round
Noida-based omnichannel diagnostic chain Redcliffe Labs has raised USD 42 million in a Series C funding round led by Denmark-based investment firm IFU, which contributed USD 20 million. Existing investor LeapFrog added USD 15 million, while the remaining capital came from HealthQuad and Spark Growth Ventures.Redcliffe will use the funding to expand, particularly in tier II and tier III cities across India. The company plans to open more labs and collection centres besides strengthening its home collection network.
Between Mar 2021 and Feb 2022, Redcliffe Labs had raised over USD 67 M from investors.
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