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Discovery Portal For Diagnostic Labs, LabsAdvisor, Gets $156K Angel Round

Discovery Portal For Diagnostic Labs, LabsAdvisor, Gets $156K Angel Round

Delhi-based LabsAdvisor, which helps patients in need of pathology or radiology discover their neighbourhood labs, has raised about $156K (INR 1.2 Cr.) in an angel round of funding from a group of Indian & international investors.

The company has left the names of the investors undisclosed. According to Mint, individuals from Barclays Capital, Credit Suisse, Deutsche Bank have participated in the round.

LabsAdvisor was founded in February this year by Ashish Bhatia and Rahul Shukla. The startup provides multiple lab options for diagnostic tests based on parameters like quality rating, price, location, home visit.

It offers services like diagnostic tests, genetic tests, blood tests, MRI, CT-Scan, X-Ray, online diagnostic reports, pathlabs, radiology labs.

Besides, it also acts like a repository of health records for its users. It stores users health data in chronological order in its secure database which is easy to view and access across any device.

Currently, it has over 50 labs in Delhi on its platform and plans to expand across NCR and other cities soon.

Its services can be booked either through the website or by calling on its helpline number.

Ashish Bhatia, founder & CEO of LabsAdvisor told Mint, “Our offering is much needed in the unorganised Indian diagnostics space.” The company said that large corporate labs are covering less than 20% of the market while remaining market consists of smaller, individual or regional players.

In the healthcare space, Bangalore-based healthcare platform, Practo, raised $90M in Series C round funding led by China’s Tencent.

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