Orange Health raises $25 million in Series B funding round

Well being-tech startup Orange Well being has raised $25 million in Collection B funding spherical, led by Bertelsmann India Investments and co-led by Common Catalyst.

The startup intends to construct India’s quickest diagnostic lab. The funds raised can be deployed in direction of deeper funding in product improvement in addition to know-how throughout programs, consumer expertise and constructing laboratories. The corporate additionally plans to increase to new markets and strengthen its groups throughout all capabilities. 

The spherical witnessed participation of present buyers like Accel, Y Combinator, Good Capital and Uncorrelated Ventures. 

Dhruv Gupta and Tarun Bhambra, Co-founders, Orange Well being, mentioned, “as a tech-enabled diagnostics firm constructed across the clients’, our focus has at all times been on pace & reliability. With the brand new spherical of investments, we’re excited to broaden our horizons and attain out to extra Indians with actual care, actual quick.”

Pankaj Makkar, Managing Director, Bertelsmann India Investments, mentioned, “we’re elated to accomplice with them as as we speak marks the start of our dedication to the well being tech sector. We goal to accomplice with extra health-tech entrepreneurs disrupting the healthcare sector with an innovation-led method.”

Orange Well being has to this point offered diagnostic testing providers to over 1 million clients throughout Bengaluru and Nationwide Capital Area (NCR) and is among the many highest rated diagnostic labs within the nation, it mentioned . 

The corporate has beforehand raised $10 million, with its sequence A being led by Accel in 2021.

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June 01, 2022