PE Fund Investments
Diagnostic chain Redcliffe raises $61-M from LeapFrog, Healthquad, others
Noida-based, technology-enabled diagnostics chain Redcliffe Lifetech has raised USD 61 million (around INR 466 crore) in a funding round led by LeapFrog Investments. Healthquad, Schroders and LC Nueva, Growth Spark Ventures and existing investors Chiratae Ventures and Alkemi Venture Partners also participated in the funding round. The investment will be used to expand its low-cost direct-to-consumer diagnostics, into tier 2, 3 and 4 cities. The latest funding will also be used to scale its platform and increase product offerings to radiology, disease data profiling and lifestyle management. Redcliffe currently has a network of 22 laboratories across 14 cities.
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