Redcliffe Lifetech raises $61 million led by LeapFrog Investments to expand access to affordable, high-quality diagnostic tests across India

Redcliffe Lifetech (Redcliffe), one of India’s leading diagnostics platforms, today announced it has raised $61 million led by LeapFrog Investments (LeapFrog), with participation from Healthquad, Schroders, LC Nueva, Growth Spark Ventures, and existing investors Chiratae Ventures and Alkemi Venture Partners.

The investment will be used to expand Redcliffe’s geographic reach across India, with a focus on expanding its low-cost but high-quality Direct to Consumer Diagnostics into tier 2, 3, and 4 cities, providing affordable, rapid, and convenient pathology services from glucose to genetics in millions of households. Funding will also be used to scale Redcliffe’s platform and increase its product offerings to radiology, disease data profiling, and lifestyle management, furthering its mission to shift India's healthcare focus from treatment to early diagnosis and prevention.

"Preventative medicine is the future of health in India, helping to empower the average Indian with the information they need to take charge of their health and wellbeing," Dheeraj Jain, Founder of Redcliffe Lifetech said. "Redcliffe has built a one-stop diagnostic shop offering a very wide selection of tests to choose from and delivering care closer to the customer. This investment will help us scale rapidly to achieve our goal to reach 500M+ Indians within the next five years." "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,"said Biju Mohandas, Partner and Global Co-Leader for Health Investments at LeapFrog Investments. "Its innovative and disruptive approach is transforming healthcare in the region by bringing consumers closer to the point of care and removing barriers to access. Furthermore, Redcliffe's vision of shifting healthcare from treating the sick to enabling wellness will have profound implications for millions.