Fundings Drive Redcliffe Labs’ Growth with $42 Million Series C Funding
Series C Funding Overview
Redcliffe Labs has raised $42 million in Series C funding to bolster its expansion efforts across India, particularly in Tier-II and Tier-III cities. Led by Denmark's Investment Fund for Developing Countries (IFU) with an injection of $20 million, this funding round also sees participation from existing investor LeapFrog Investments, contributing $15 million. The remaining amount comes from shareholders HealthQuad and Spark Growth Ventures. This financial support will facilitate the opening of more diagnostic labs and the enhancement of home collection networks.
Strategic Growth Plans
With this funding, Redcliffe Labs is set to make strategic acquisitions and deepen its presence in developing countries. Key appointments in their management team, including Ankur Shah and Alka Saxena, showcase a commitment to improved governance and profitable growth. The firm aims to democratize access to high-quality diagnostics, particularly for underserved populations, aligning with its mission to transform the Indian healthcare landscape.
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