Orange Health a diagnostics lab service startup has raised $25 million in a Series B round led by Bertelsmann India Investments and General Catalyst. Existing investors including Accel, Y Combinator, Good Capital, and Uncorrelated Ventures also participated in the round.
According to a statement from the company's founders, Dhruv Gupta and Tarun Bhambra, the funds will be used to expand Orange Health's tech stack, as well as for expansion and product development.
The startup will use the capital for product development, generating a better user experience, and building laboratories. It also plans on expanding into new markets and strengthening teams across functions.
Orange Health had raised $10 million in a Series A round from Accel in 2021.
"While traditional diagnostic laboratories require patients to come to them at collection centers, most home collection diagnostic startups have struggled to offer services on time. Orange Health's low-cost, on-demand solution fills this market void "Orange Health Co-Founder Dhruv Gupta stated in a company announcement.
Orange Health, founded in December 2020 by former Practo executives Dhruv and Tarun Bhambra, provides diagnostic lab services around Bengaluru and the National Capital Region (NCR). So far, the firm claims to have served over a million consumers with diagnostic tests. Orange Health is open every day from 6 a.m. to 10 p.m.
"Over the last two years, healthcare and diagnostics have emerged as an important subject for India, and we feel that Orange Health is on the right track to make it smooth for physicians and patients," said Pankaj Makkar, managing director of Bertelsmann India Investments.