Orange Health Labs is a diagnostics start-up based in Bangalore. They have recently secured $12 million in a funding round spearheaded by the Amazon Smbhav Venture Fund and co-investors Accel, General Catalyst, Bertelsmann India Investments, and Combinator. This total places the company’s capital raised at $47 Million. It is an indicator of strong investors’ support for the company’s disruptive solution in the healthcare system.
Strategic Plans for Growth
The new funds will help Orange Health Labs add to its range of products, increase human capital, and work on superior diagnostic tools. The company is currently doing operation profitably and has reached one hundred crore Annual Revenue Run Rate. Orange Health Labs wants to achieve a revenue twice as large this year as it is part of the company’s growth strategy.
The startup currently operates in Delhi NCR, Mumbai, and Hyderabad. They operate with a network of collection centers that is set to rise from eight to thirty by the end of the year. Also, the company aims to increase the count of phlebotomists by 300% and set up a modern laboratory in Bangalore.
Orange Health Labs Expanding Service
In the current year, Orange Health Labs started ECG testing services – home-based and at the collection centers. Tarun Bhambra and Dhruv Gupta, the co-founders bear the ambition to revolutionize diagnostics. They are preparing to tap into India’s projected $40 billion diagnostic market in 2034.
Orange Health Labs has the right model, great solutions, and a dominant position so that it can look to the future with confidence.
