Redcliffe Labs: Series C Funding to Expand Diagnostic Labs in India
Expansion of Diagnostic Labs with New Funding
Redcliffe Labs has successfully raised $42 million in Series C funding, marking a significant step in its commitment to expanding its diagnostic services across India. This funding round, spearheaded by Denmark’s Investment Fund for Developing Countries (IFU), injects $20 million to facilitate growth in underrepresented regions.
Building a Stronger Presence in India
- Focus on Tier-II and Tier-III cities
- Expansion of lab and collection centre networks
- Home collection services enhancement
The capital raised will enable Redcliffe to set up more labs and collection points, making it easier for communities in underserved areas to access essential health services.
Leadership Enhancements
In line with its expansion plans, Redcliffe Labs has appointed new leaders to strengthen its governance and growth strategy. Ankur Shah has joined as an independent director with extensive experience in the industry, while Alka Saxena assumes the CFO role, bringing substantial financial expertise.
Conclusion: Aiming for Healthcare Accessibility
Aditya Kandoi, founder and CEO, emphasizes the goal of democratizing access to quality diagnostics for all Indians. With the support of investors like LeapFrog Investments, which recognizes the critical growth in the Indian diagnostics market, Redcliffe Labs is set to make a profound impact on public health.
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