VC-backed Redcliffe onboards new investor in Series C funding
Redcliffe Lifetech Pvt Ltd, which operates diagnostic centers under the Redcliffe Labs brand, has raised Series C funding from existing backers as well as a new international investor. The company, which counts emerging markets-focused impact investor LeapFrog Investments and Indian venture capital firm Chiratae Ventures among its investors, secured $42 million (Rs ......
Sector Scan: How India’s diagnostics players plan to recover after COVID boom
After witnessing some of its best years during the COVID-19 pandemic, India’s diagnostics companies landed in a soup during the financial year-ended 2023. As the country’s concerned populace was prompted to take tests during the ranging pandemic through FY21-22, these companies witnessed record high revenues in those years, only to have ......
VC-backed Redcliffe Labs in talks for more acquisitions to boost profitability
Redcliffe Lifetech Pvt Ltd, which operates diagnostic centres under the Redcliffe Labs brand, is in talks to acquire labs with a strong bottomline to improve its own cash flow and profitability, a top executive told VCCircle. The company, which counts emerging markets-focused alternative investor LeapFrog Investments and Indian venture capital firm ......
Alkemi hits first close of second VC fund, taps another institutional LP
Alkemi Growth Capital, a healthcare-focused venture capital fund that is on the road to raise capital for its second vehicle, has marked the first close of the fund and has also tapped another institutional limited partner, VCCircle has learnt. The New Delhi-based VC firm, which counts diagnostics-focused healthtech startup Redcliffe Lifetech ......
VC-backed Redcliffe in talks to raise smaller round, mulls sale of IVF brand
Redcliffe Lifetech Pvt Ltd, which operates diagnostic centres under the Redcliffe Labs banner, is in talks to raise a Series C round of funding and is also looking to sell its in vitro fertilisation (IVF) vertical, two people aware of the development told VCCircle. The company, which counts emerging markets-focused investment firm LeapFrog and ......
Leapfrog, Chiratae-backed Redcliffe Labs hit by data breach
Noida-based diagnostics firm Redcliffe Labs, which counts venture capital firm Chiratae Ventures and impact investor LeapFrog Investments among its backers, has suffered a cyber breach that potentially left millions of sensitive patient records exposed. According to cybersecurity researcher and co-founder of security consulting firm Cyber Security Discovery, Jeremiah Fowler, a non-password-protected ......
LeapFrog pushes timeline for final close of fourth consumer fund
Emerging markets-focused private equity firm LeapFrog Investments, a backer of Indian names like Redcliffe, BatterySmart, HealthifyMe, CarDekho, Dvara KGFS and NeoGrowth, has pushed the timeline for its latest consumer fund. The delay follows the firm’s earlier target to close the fund on 29 February, 2024, as stated in a previous announcement. “We ......
LeapFrog's Mohandas on plans to tap into Indian healthcare sector and more
Emerging markets and global sustainability-focused private equity firm LeapFrog Investments is nearing the completion of its $1 billion fourth consumer fund and has extended the timeline for its Emerging Consumer Fund IV from February 2024 to year-end. Its latest consumer vehicle, which has secured backing from global investors including Singapore-based Temasek, ......
LeapFrog may lead Chiratae-backed Redcliffe’s new funding round
Global impact investor LeapFrog Investments is in advanced discussions to lead a new funding round in venture capital-backed healthtech platform Redcliffe Lifetech Pvt. Ltd, two persons familiar with the development said. Redcliffe is raising around $70 million as part of this funding round, more than the originally planned $50-60 million due ......
LeapFrog Investments promotes exec to partner role
Private equity firm LeapFrog Investments, which is an investor in some homegrown lending companies such as NeoGrowth, Dvara KGFS and Electronica Finance, besides backing diagnostics chain Redcliffe Labs, has elevated an executive to a partner role. The global sustainability-focused impact investment firm, which late last year upsized its climate investment vehicle ......
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