PE Fund Investments
General Diagnostics raises $10.5 M from InvAscent
General Diagnostics International (GD), a Mumbai-based firm offering diagnostics tests, has raised its maiden equity investment of USD 10.5 million from InvAscent. The funding will be used to further enhance GD's technological capabilities and build in-house logistical solutions for fast movement of biological samples. The company will also use the funds to expand its network of laboratories across India. GD, founded in 2017 by a team of healthcare professionals, developed software solutions, algorithms, and processes that combine to give an additional layer of quality control (QC) on top of the methods recommended and audited by National Accreditation Board of Laboratories (NABL).
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