LifeWell
About LifeWell
LifeWell is a Healthcare company based in Chennai (India) founded in 2022. Provider of an online marketplace for diagnostics labs. LifeWell has raised $80 million across 1 funding round from investors including Orbimed. The company has 253 employees. Its chief executive, as recorded, is Sumanth Sarangapani. Its focus areas include HealthTech, Healthcare Booking Platforms, Diagnostics and Marketplaces.
Company details
LifeWell was founded in 2022 in Chennai, India, as a provider of an online marketplace for diagnostics labs. A full-stack diagnostic health platform is developed to facilitate the organic expansion of a nationwide lab network. Radiology and pathology lab assets are onboarded through a structured roll-up process, enabling connections between labs and users in the healthcare sector. Operations focus on streamlining diagnostic services across the country.
- Headquarters Chennai, India
- Employees 253
- SectorsHealthcare
- Annual Revenue$7.24 M (USD)149as on Mar 31, 2024
- Net Profit-$5.97 M (USD)-77as on Mar 31, 2024
- EBITDA-$7.48 M (USD)-126as on Mar 31, 2024
- Total Equity Funding$80M (USD)
in 1 rounds
- Latest Funding Round$80M (USD), Series C
Jul 2022
- Investors
- Employee Count253
Funding Insights of LifeWell
LifeWell has successfully raised a total of $80M through 1 strategic funding round. The most recent funding activity was a Series C round of $80 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $80M
- Total Rounds 1
- Last Round Series C — $80M
- First Round $80M
(Jul 2022)
- Investors Count 1
All 1 funding rounds of LifeWell with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2022 | $80M | Series C | – | Orbimed | – |
1 investors in total: 1 institutional.
Investors in LifeWell
LifeWell has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Orbimed.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields. | 1989 | orbimed.com | New York, United States |
Investor details for LifeWell
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of LifeWell
2 people are tracked at LifeWell (2 in leadership); the tracked headcount is 253.
| Name | Role | Group |
|---|---|---|
Sumanth Sarangapani | CEO | Leadership |
Mayura Abhaya Jain | CEO & MD | Leadership |
Complete people profiles for LifeWell
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of LifeWell
2 dated milestones of LifeWell, from founding to its latest funding, stage changes and deals.
- Founded LifeWell is founded.
- Funding First funding round of $80.0M.
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Frequently Asked Questions about LifeWell
LifeWell was founded in 2022.
LifeWell is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Sumanth Sarangapani is the CEO of LifeWell, as recorded in our data.
LifeWell is a funded company, having raised a total of $80M across 1 funding round to date. The company's 1st funding round was a Series C of $80M, raised on Jul 2022.
LifeWell has 253 employees.
Annual revenue of LifeWell is $7.24M as on Mar 31, 2024.
LifeWell was founded in 2022 in Chennai, India, as a provider of an online marketplace for diagnostics labs. A full-stack diagnostic health platform is developed to facilitate the organic expansion of a nationwide lab network. Radiology and pathology lab assets are onboarded through a structured roll-up process, enabling connections between labs and users in the healthcare sector. Operations focus on streamlining diagnostic services across the country.
LifeWell has 1 investor. Key investors include Orbimed.