Orange Health Labs Set to Raise $30 Mn in Funding
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The startup aims to leverage the fresh capital to accelerate expansion, strengthen operational capabilities, and further enhance its technology-driven diagnostics platform.
Bengaluru-based diagnostics and healthcare platform Orange Health Labs is set to raise approximately $30 million in a Series C funding round led by Iron Pillar India, with participation from both existing and new investors.
The latest investment comes nearly 18 months after the Bengaluru-based startup’s previous funding round.
As per the regulatory filings, the board of Orange Health Labs has approved the issuance of 45,79,270 Series C compulsorily convertible preference shares at INR 604.72 per share.
The startup aims to leverage the fresh capital to accelerate expansion, strengthen operational capabilities, and further enhance its technology-driven diagnostics platform.
The funding round is being led by Iron Pillar India, with an investment of approximately INR 156 crore, or around $16 million.
The round also includes participation from several prominent existing and new investors. Crescent Enterprises is contributing INR 37.7 crore, while existing backers Bertelsmann, Accel India, and General Catalyst are investing INR 21.8 crore, INR 8 crore, and INR 1.8 crore, respectively.
Additional investments are being made by Good Capital and Paramark Frontier Fund, contributing INR 15.5 crore and INR 37 crore, respectively.
Market estimates suggest that the fresh round values Orange Health Labs at approximately INR 1,950 crore, or nearly $205 million, on a post-money basis.
Following the completion of the round, Accel India will continue to be the company’s largest external shareholder with a stake of 15.49%, while Iron Pillar India will emerge as a significant new investor with an ownership stake of around 8%.
Before this round, Orange Health Labs had raised nearly $50 million in funding. In 2024, it secured $12 million in funding led by Amazon Sambhav Venture Fund, while in 2022, the startup raised nearly $25 million in its Series B funding round, led by General Catalyst and Bertelsmann India Investments.
Founded in 2020 by Dhruv Gupta and Tarun Bhambra, Orange Health Labs operates a full-stack diagnostics platform that provides on-demand health testing services, including at-home sample collection for routine diagnostic tests.
The startup has been expanding its diagnostic offerings and services across India. Earlier this year, the startup partnered with Medstown to launch integrated diagnostic services across six cities in India, including Hyderabad, Bangalore, Mumbai, Delhi, Noida, and Gurgaon, focused on improving diagnostic service access, convenience, and reliability across the care continuum.
With the latest funding, Orange Health Labs further plans to expand its footprint, strengthen laboratory infrastructure, enhance its technology capabilities, and accelerate growth in the fast-growing at-home healthcare testing market.
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