Redcliffe Lifetech raises $61 million

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Redcliffe Lifetech raises $61 million
06 May 2022
6 min read

News Synopsis

On Friday, popular omnichannel diagnostics company Redcliffe Lifetech informed that it in its latest fundraising round has raised $61 million. This round of funding was led by LeapFrog Investments. The company said that this capital will be used to expand its presence into tier 2, 3, and 4 cities across the length and breadth of the country.

Other than this, the capital will also be used to boost its platform and increase its product offerings in radiology, disease data profiling, and lifestyle management. In a statement, the founder of Redcliffe Lifetech, Dheeraj Jain said, "Preventative medicine is the future of health in India. This investment will help us scale rapidly to achieve our goal to reach 500 million Indians within the next five years.”

The latest fundraising round witnessed participation from Healthquad, Schroders, LC Nueva, Growth Spark Ventures, and existing investors Chiratae Ventures and Alkemi Venture Partners. After investing in the diagnostic platform, Biju Mohandas, Partner and Global Co-Leader for Health Investments at LeapFrog Investments said "Redcliffe is an exemplar of LeapFrog's focus on digital-led and asset-light business models that enable access to essential healthcare services to emerging consumers.”

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