Redcliffe Lifetech Raises $61 Million In Funding Led By Leapfrog Investments

May 06, 2022•over 3 years ago

Amount Raised

$61 Million

Mumbai

Description

Mumbai: Omnichannel diagnostics platform Redcliffe Lifetech has raised $61 million in its Series B round, led by LeapFrog Investments, and participation from Healthquad, Schroders, LC Nueva, Growth Spark Ventures, as well as existing investors Chiratae Ventures and Alkemi Venture Partners.

Company Information

Company

Redcliffe Lifetech

Location

Mumbai, Maharashtra, India

About

Last year, the company raised $10 million in its Series A funding round. The company has a fleet of 400 phlebotomists operating in more than 100 cities with home sample collection and an offline network of 500 collection centres. The company says it offers these services at a cost that is 25-60% lower than traditional competitors. With a population of nearly 1.4 billion, 65% of India’s population still lives in rural areas, and access to care is an ongoing challenge, the company said in a statement.

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Redcliffe Lifetech Raises $61 Million In Funding Led By Leapfrog Investments

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Company Information