Diagnostic chain Redcliffe Labs to raise $200-M

Noida-based diagnostic chain Redcliffe Labs has initiated the process of raising USD 200 million from private equity investors. The company expects to complete the fundraise by the end of this year. The proceeds will be largely used for inorganic expansion into radiology testing. In May, Redcliffe announced it had raised USD 61 million as part of a Series B round led by LeapFrog Investments, with participation from Healthquad, Schroders, LC Nueva, Growth Spark Ventures and existing investors Chiratae Ventures and Alkemi Venture Partners.