Orange Health Labs: A New Dawn in Diagnostics with $12 Million Boost
December 6, 2024, 9:33 pm
Location: United States, Massachusetts, Cambridge
Employees: 51-200
Founded date: 2000
Location: India, Karnataka, Bengaluru
Employees: 201-500
Founded date: 2020
Total raised: $62M
In the bustling tech landscape of India, healthcare innovation is gaining momentum. Orange Health Labs, a Bengaluru-based diagnostics platform, has recently secured $12 million in funding, led by the Amazon Smbhav Venture Fund. This infusion is not just a financial boost; it’s a catalyst for change in the healthcare sector.
Founded in December 2020 by Dhruv Gupta and Tarun Bhambra, Orange Health Labs has quickly carved a niche in the diagnostics market. The company offers on-demand services, including at-home sample collection within 60 minutes and rapid report delivery within six hours. This model is akin to a fast-food restaurant, but for health—quick, efficient, and customer-centric.
With this latest funding round, Orange Health’s total capital raised now stands at $47 million. This growth trajectory is impressive, especially considering the company’s revenue has tripled over the past two years. They are on track to achieve 100% growth in 2024, a feat that speaks volumes about their operational efficiency and market demand.
The funding will be used to expand product offerings, enhance team capabilities, and drive innovation in diagnostics. The founders have set their sights on omnichannel growth, aiming to increase their retail presence from 8 operational collection centers to 30 by year-end. This strategy is like planting seeds in fertile soil, anticipating a bountiful harvest in customer engagement and service delivery.
Orange Health Labs has already made significant strides. They operate six labs and partner with over 1,000 clinics across major Indian cities like Bengaluru, Delhi-NCR, Mumbai, and Hyderabad. With over 1 million customers served, their impact is palpable. The company’s recent achievement of crossing an annual revenue run rate of INR 100 crore and achieving profitability in Bengaluru operations further solidifies their position in the market.
The founders have ambitious plans. They aim to broaden their test menu and triple their workforce of phlebotomists—those skilled professionals who collect blood samples—within the next year. This is akin to expanding a restaurant’s menu to cater to diverse tastes, ensuring that every customer finds something appealing.
Moreover, Orange Health is innovating in service delivery. They recently introduced ECG tests that can be conducted from the comfort of home or at collection centers. This move is a game-changer, making healthcare more accessible and convenient. It’s like bringing the hospital to your doorstep, eliminating the barriers that often deter patients from seeking timely medical attention.
The partnership with Amazon Smbhav Venture Fund is significant. This fund, launched in April 2021, focuses on innovative Indian startups. The enthusiasm from Amazon’s corporate development team underscores the potential they see in Orange Health. Their backing is not just financial; it’s a vote of confidence in the company’s vision and execution.
In a market where healthcare demands are ever-increasing, Orange Health Labs is positioning itself as a leader. The diagnostics sector is ripe for innovation, and the company’s approach is refreshing. They are not just another player in the field; they are redefining how diagnostics can be delivered.
The healthcare landscape in India is evolving. With a growing population and increasing health awareness, the demand for quick and reliable diagnostic services is surging. Orange Health is tapping into this demand with a model that prioritizes speed and convenience. Their commitment to innovation and customer satisfaction is akin to a lighthouse guiding ships safely to shore.
As they expand their services and enhance their capabilities, the potential for growth is immense. The healthcare sector is like a vast ocean, filled with opportunities waiting to be explored. Orange Health Labs is well-equipped to navigate these waters, armed with fresh capital and a clear vision.
In conclusion, the $12 million funding round is more than just a financial milestone for Orange Health Labs. It represents a commitment to transforming the diagnostics landscape in India. With their innovative approach, they are not just keeping pace with the industry; they are setting the pace. As they continue to grow and innovate, the future looks bright for Orange Health Labs and the millions of customers they serve. The journey has just begun, and the horizon is filled with promise.
Founded in December 2020 by Dhruv Gupta and Tarun Bhambra, Orange Health Labs has quickly carved a niche in the diagnostics market. The company offers on-demand services, including at-home sample collection within 60 minutes and rapid report delivery within six hours. This model is akin to a fast-food restaurant, but for health—quick, efficient, and customer-centric.
With this latest funding round, Orange Health’s total capital raised now stands at $47 million. This growth trajectory is impressive, especially considering the company’s revenue has tripled over the past two years. They are on track to achieve 100% growth in 2024, a feat that speaks volumes about their operational efficiency and market demand.
The funding will be used to expand product offerings, enhance team capabilities, and drive innovation in diagnostics. The founders have set their sights on omnichannel growth, aiming to increase their retail presence from 8 operational collection centers to 30 by year-end. This strategy is like planting seeds in fertile soil, anticipating a bountiful harvest in customer engagement and service delivery.
Orange Health Labs has already made significant strides. They operate six labs and partner with over 1,000 clinics across major Indian cities like Bengaluru, Delhi-NCR, Mumbai, and Hyderabad. With over 1 million customers served, their impact is palpable. The company’s recent achievement of crossing an annual revenue run rate of INR 100 crore and achieving profitability in Bengaluru operations further solidifies their position in the market.
The founders have ambitious plans. They aim to broaden their test menu and triple their workforce of phlebotomists—those skilled professionals who collect blood samples—within the next year. This is akin to expanding a restaurant’s menu to cater to diverse tastes, ensuring that every customer finds something appealing.
Moreover, Orange Health is innovating in service delivery. They recently introduced ECG tests that can be conducted from the comfort of home or at collection centers. This move is a game-changer, making healthcare more accessible and convenient. It’s like bringing the hospital to your doorstep, eliminating the barriers that often deter patients from seeking timely medical attention.
The partnership with Amazon Smbhav Venture Fund is significant. This fund, launched in April 2021, focuses on innovative Indian startups. The enthusiasm from Amazon’s corporate development team underscores the potential they see in Orange Health. Their backing is not just financial; it’s a vote of confidence in the company’s vision and execution.
In a market where healthcare demands are ever-increasing, Orange Health Labs is positioning itself as a leader. The diagnostics sector is ripe for innovation, and the company’s approach is refreshing. They are not just another player in the field; they are redefining how diagnostics can be delivered.
The healthcare landscape in India is evolving. With a growing population and increasing health awareness, the demand for quick and reliable diagnostic services is surging. Orange Health is tapping into this demand with a model that prioritizes speed and convenience. Their commitment to innovation and customer satisfaction is akin to a lighthouse guiding ships safely to shore.
As they expand their services and enhance their capabilities, the potential for growth is immense. The healthcare sector is like a vast ocean, filled with opportunities waiting to be explored. Orange Health Labs is well-equipped to navigate these waters, armed with fresh capital and a clear vision.
In conclusion, the $12 million funding round is more than just a financial milestone for Orange Health Labs. It represents a commitment to transforming the diagnostics landscape in India. With their innovative approach, they are not just keeping pace with the industry; they are setting the pace. As they continue to grow and innovate, the future looks bright for Orange Health Labs and the millions of customers they serve. The journey has just begun, and the horizon is filled with promise.