About Suburban Diagnostics
Suburban Diagnostics is a company based in Mumbai (India) founded in 1994 was acquired by Dr Lal PathLabs in October 2021.. Suburban Diagnostics has raised $16.26 million across 4 funding rounds from investors including Dr Lal PathLabs, Peak XV Partners and InnoVen Capital. The company has 1,378 employees as of March 31, 2025. Suburban Diagnostics offers products and services including Health Check-up Packages and Pathology Services.
- Headquarter Mumbai, India
- Employees 1378 as on 31 Mar, 2025
- Stage Minicorn
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Suburban Diagnostics
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Annual Revenue
$20.64 M (USD)7as on Mar 31, 2024
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Net Profit
$1.42 M (USD)1576as on Mar 31, 2024
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EBITDA
$3.33 M (USD)105as on Mar 31, 2024
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Total Equity Funding
$16.26 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Dr Lal PathLabs
& 3 more
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Employee Count
1378
as on Mar 31, 2025
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Acquired by
Dr Lal PathLabs
(Oct 26, 2021)
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Products & Services of Suburban Diagnostics
Suburban Diagnostics offers a comprehensive portfolio of products and services, including Health Check-up Packages and Pathology Services. 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.
Full body health check-up packages that integrate pathology, radiology, and cardiology tests are provided for comprehensive health assessment.
Various pathology tests for disease monitoring, prevention, and diagnosis are offered alongside corporate wellness and home healthcare.
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Funding Insights of Suburban Diagnostics
Suburban Diagnostics has successfully raised a total of $16.26M across 4 strategic funding rounds. 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 Last Round
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First Round
First Round
(02 Nov 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Debt – Venture - Suburban Diagnostics | Valuation |
investors |
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| Apr, 2016 | Amount | Unspecified - Suburban Diagnostics | Valuation | Peak XV Partners |
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| Dec, 2014 | Amount | Unspecified - Suburban Diagnostics | Valuation | Peak XV Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Suburban Diagnostics
Suburban Diagnostics has secured backing from 4 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Dr Lal PathLabs, Peak XV Partners and InnoVen Capital. 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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Venture debt financing is extended to companies across multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location | |
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Chain of pathology and radiology labs
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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
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
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 Suburban Diagnostics
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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.
|
2016 |
Financial Statements - Suburban Diagnostics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Suburban Diagnostics Comparisons
Competitors of Suburban Diagnostics
| 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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Frequently Asked Questions about Suburban Diagnostics
When was Suburban Diagnostics founded?
Suburban Diagnostics was founded in 1994 and raised its 1st funding round 18 years after it was founded.
Where is Suburban Diagnostics located?
Suburban Diagnostics is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Suburban Diagnostics a funded company?
Suburban Diagnostics is a funded company, having raised a total of $16.26M across 4 funding rounds to date. The company's 1st funding round was a Unspecified of $1.82M, raised on Nov 02, 2012.
How many employees does Suburban Diagnostics have?
As of Mar 31, 2025, the latest employee count at Suburban Diagnostics is 1,378.
What is the annual revenue of Suburban Diagnostics?
Annual revenue of Suburban Diagnostics is $20.64M as on Mar 31, 2024.
What does Suburban Diagnostics do?
Suburban Diagnostics was founded in 1994 and operates within the healthcare sector, focusing on diagnostic services. A network of centers is maintained in Mumbai, Pune, and Ahmednagar, India, with emphasis on business-to-consumer activities. Services encompass preventive health check-ups, pathology tests, sonography, mammography, cardiac evaluations, and employee medical examinations. Operations support pre-employment and annual screenings across these locations.
What products or services does Suburban Diagnostics offer?
Suburban Diagnostics offers Health Check-up Packages and Pathology Services.
Who are Suburban Diagnostics's investors?
Suburban Diagnostics has 4 investors. Key investors include Dr Lal PathLabs, Peak XV Partners, InnoVen Capital, and Sanjay Arora.
What is Suburban Diagnostics's valuation?
The valuation of Suburban Diagnostics is $65.42M as of Apr 2016.