Neuberg Diagnostics raises Rs.940-Cr from Kotak fund

Kotak Alternate (via Kotak Strategic Situations India Fund II) has invested INR 940 crore in Chennai-based diagnostic service provider Neuberg Diagnostics .The new funds will be used to enhance IPO-bound company’s capabilities in personalised medicine and integrated diagnostics, and support inorganic growth across India.Founded in 2017 by Dr. GSK Velu, Neuberg Diagnostics operates medical and diagnostic laboratories and provides genomics services. It has presence in the UAE, South Africa, USA, besides 250 cities in India.