India: Diagnostics platform Redcliffe Lifetech bags $61m from LeapFrog Investments

Left to right: RedCliffe Lifetech CEO Dheeraj Jain, Biju Mohandas, Partner at LeapFrog Investments, Vikram Popli from LeapFrog

Redcliffe Lifetech on Friday said it has raised $61 million in a fresh round of funding led by LeapFrog Investments, as the diagnostics platform looks to expand its footprint into tier 2, 3 and 4 Indian cities.

The funding round, which also saw participation from Healthquad, Schroders, LC Nueva, Growth Spark Ventures and existing investors Chiratae Ventures and Alkemi Venture Partners, will also be used to increase its product offerings in radiology, disease data profiling and lifestyle management. Last year, the company raised $10 million as part of its Series A funding round.

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