Orange Health Nets $12 Mn To Expand Its Diagnostics Offerings

SUMMARY

Orange Health has raised $12 Mn (INR 101.5 Cr) in an undisclosed funding round led by Amazon Smbhav Venture Fund

The Bengaluru-based company plans to use the fresh capital to grow its team, product expansion and drive further innovation in diagnostics

Orange Health’s latest round takes its total funding round to $47 Mn till date

Healthtech startup Orange Health has raised $12 Mn (INR 101.5 Cr) in an undisclosed funding round led by Amazon Smbhav Venture Fund.

The round also saw participation from a host of existing investors, including Accel, General Catalyst, Bertelsmann India Investments and Y Combinator.

The Bengaluru-based company plans to use the fresh capital to grow its team, product expansion and drive further innovation in diagnostics.

Orange Health’s latest round takes its total funding round to $47 Mn till date.

“The company is now going omnichannel, investing in building its retail presence with 8 operational collection centres and plans to expand to 30 by year-end. Additional investments include broadening our test menu, tripling its phlebotomist (eMedic) workforce within the next year, and establishing a new test facility to meet Bangalore’s growing demand,” said Dhruv Gupta and Tarun Bhambra, founders at Orange Health Labs, in a joint statement.

Founded in 2020 by Gupta and Bhambra, Orange Health is an on-demand diagnostics service provider. It competes with the likes of Practo, Redcliffe Labs and PharmEasy in India. In 2022, the startup raised $25 Mn in a Series B round led by Bertelsmann India Investments and General Catalyst.

With a presence in major cities like Bengaluru, Delhi-NCR, Mumbai, and Hyderabad, the company claims to have conducted over a million tests. Orange Health Labs claims to offer high-quality diagnostics directly to customers’ doorsteps and delivers reports within six hours of sample collection, whether at home or in clinics.

The company claims to have achieved 3X growth over the past two years and is on track to deliver 100% growth this year.

The development comes at a time when a number of healthtech startups have emerged in the country over the last few years amid rising awareness about fitness and nutrition. Indian healtech startups raised a cumulative funding of $7 Bn between 2014 and June 2024.

Notably, the Indian healthtech space fosters eight unicorns, including Tata 1mg, Innovaccer, Pharmeasy, and Pristyn Care.