About Redcliffe Labs
Redcliffe Labs is a company based in Noida (India) founded in 2018 by Aditya Kandoi, Ashish Dubey, and Dheeraj Jain.. Redcliffe Labs has raised $116.42 million across 4 funding rounds from investors including LetsVenture, LeapFrog Investments and Schroders. The company has 2,308 employees as of August 11, 2024. Redcliffe Labs has completed 2 acquisitions, including Celara Diagnostics and Medicentre. Redcliffe Labs offers products and services including Diagnostic Tests, Health Packages, and Sample Collection. Redcliffe Labs operates in a competitive market with competitors including Dr Lal PathLabs, Sterling Accuris Diagnostics, Orange health, Metropolis India and Agilus Diagnostics, among others.
- Headquarter Noida, India
- Employees 2308 as on 11 Aug, 2024
- Founders Aditya Kandoi, Ashish Dubey, Dheeraj Jain
- Stage Minicorn
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Redcliffe Lifetech Private Limited
- Date of Incorporation 30 Jan, 2021
- Jurisdiction Noida, Uttar Pradesh, India
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Annual Revenue
$41.86 M (USD)0as on Mar 31, 2023
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Net Profit
$-41.56 M (USD)0as on Mar 31, 2023
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EBITDA
$-38.4 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$116.42 M (USD)
in 4 rounds
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Latest Funding Round
$42 M (USD), Series C
Sep 17, 2024
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Investors
LetsVenture
& 12 more
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Employee Count
2308
as on Aug 11, 2024
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Investments & Acquisitions
Celara Diagnostics
& 1 more
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Products & Services of Redcliffe Labs
Redcliffe Labs offers a comprehensive portfolio of products and services, including Diagnostic Tests, Health Packages, and Sample Collection. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Services for booking and conducting medical diagnostic tests
Curated packages for comprehensive health checkups and reports
On-site services for collecting medical samples from users
Funding Insights of Redcliffe Labs
Redcliffe Labs has successfully raised a total of $116.42M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $42 million completed in September 2024. 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 Total Funding
- Total Rounds 4
- Last Round Series C — $42.0M
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First Round
First Round
(06 Apr 2021)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series C - Redcliffe Labs | Valuation | IFU | |
| Mar, 2023 | Amount | Angel Round - Redcliffe Labs | Valuation | Manish Seth | |
| Feb, 2022 | Amount | Series B - Redcliffe Labs | Valuation | LeapFrog Investments , HealthQuad |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Redcliffe Labs
Redcliffe Labs has secured backing from 13 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include LetsVenture, LeapFrog Investments and Schroders. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investment firm
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Founded Year | Domain | Location | |
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Private equity fund focused on banking, finance, healthcare, and multiple sectors
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Founded Year | Domain | Location | |
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Healthcare investment fund focused on innovation and social impact in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Redcliffe Labs
Redcliffe Labs has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Celara Diagnostics and Medicentre. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of advanced diagnostic services, including imaging, laboratory tests, and other medical procedures, primarily catering to patients
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2017 | ||||
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Chain of diagnostic centers
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Redcliffe Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Redcliffe Labs Comparisons
Competitors of Redcliffe Labs
Redcliffe Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dr Lal PathLabs, Sterling Accuris Diagnostics, Orange health, Metropolis India and Agilus Diagnostics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Chain of pathology and radiology labs
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| domain | founded_year | HQ Location |
Pathology diagnostic services are offered via a chain of labs.
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| domain | founded_year | HQ Location |
At-home diagnostic tests are booked and collected by phlebotomists.
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| domain | founded_year | HQ Location |
Diagnostic centers are operated as a nationwide chain.
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| domain | founded_year | HQ Location |
Leading diagnostic chain providing quality blood test and full body checkup services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Redcliffe Labs
Frequently Asked Questions about Redcliffe Labs
When was Redcliffe Labs founded?
Redcliffe Labs was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Redcliffe Labs located?
Redcliffe Labs is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Who is the current CEO of Redcliffe Labs?
Aditya Kandoi is the current CEO of Redcliffe Labs. They have also founded this company.
Is Redcliffe Labs a funded company?
Redcliffe Labs is a funded company, having raised a total of $116.42M across 4 funding rounds to date. The company's 1st funding round was a Series B of $61M, raised on Apr 06, 2021.
How many employees does Redcliffe Labs have?
As of Aug 11, 2024, the latest employee count at Redcliffe Labs is 2,308.
What is the annual revenue of Redcliffe Labs?
Annual revenue of Redcliffe Labs is $41.86M as on Mar 31, 2023.
What does Redcliffe Labs do?
Redcliffe Labs was founded in 2018 in Noida, India, within the healthcare diagnostics sector. An online platform is operated to facilitate bookings for lab services, with samples collected at users doorsteps by phlebos. Reports generated from these tests are used to provide doctor consultations and personalized medicine recommendations. Operations focus on accessible home-based testing across India.
Who are the top competitors of Redcliffe Labs?
Redcliffe Labs's top competitors include Dr Lal PathLabs, Metropolis India and Orange health.
What products or services does Redcliffe Labs offer?
Redcliffe Labs offers Diagnostic Tests, Health Packages, and Sample Collection.
How many acquisitions has Redcliffe Labs made?
Redcliffe Labs has made 2 acquisitions, including Celara Diagnostics, and Medicentre.
Who are Redcliffe Labs's investors?
Redcliffe Labs has 13 investors. Key investors include LetsVenture, LeapFrog Investments, Schroders, HealthQuad, and Nueva Capital.
What is Redcliffe Labs's valuation?
The valuation of Redcliffe Labs is $229.38M as of Mar 2023.