Redcliffe Lifetech Raises $61M in Funding

Redcliffe Lifetech, Noida, IndiaCompany that provides diagnostic services in the United States raised $61m in funding.

TheLeapFrog was the leader of round InvestmentsParticipation from Healthquad, Schroders, LC Nueva, Growth Spark VenturesExisting investors Chiratae VenturesAnd Alkemi Venture Partners. 

TheThe company plans to use the funds for geographic expansion. IndiaWith a focus on expanding its reach, DirectTo Consumer DiagnosticsIt will expand its reach into Tier 2, 3, and 4 cities and increase its product offerings for radiology, lifestyle management, and disease data profiling.  

LedBy Dheeraj Jain, Founder, Redcliffe delivers diagnostics services in its network of 22 labs across 14 cities, several of which are already NABL accredited. ItsOmni-channel infrastructure that combines innovative online channels and a fleet 400 highly-trained Phlebotomists. inThe company offers more than 3,500 specialised tests and pathology in 100+ cities. 

TheThe agreement is subject to commercial requirements and should be completed in 30 days.



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