Orange Health, a diagnostics and healthcare startup, has raised $12 million in a funding round led by Amazon Smbhav Venture Fund.
The round also saw participation from existing investors such as Accel, General Catalyst, Bertelsmann India Investments, and Y Combinator.
The latest investment brings the startup’s total raised amount to over $47 million.
Aiming for growth and innovation
Orange Health plans to use the raised capital to expand product offerings, strengthen the team, and further innovate in diagnostics.
Since its inception in December 2020 by Dhruv Gupta and Tarun Bhambra, Orange Health has focused on providing on-demand diagnostic services.
The startup offers at-home sample collection services in Bengaluru, Gurugram, Delhi, Noida, and Ghaziabad. It claims to have served over 1 million customers so far.
Growth and profitability
Orange Health claims that it operates six labs and has been partnering with over 1,000 clinics. Notably, the startup has achieved profitability in Bengaluru and recently crossed an annual revenue run rate of Rs 100 crore
It plans to continue this upward trajectory with a target of 100% growth in the coming year.
Amazon Smbhav Venture Fund, launched in 2021 with $250 million to support Indian startups, has also invested in companies like The Good Glamm Group, Cashify, Axio, and Smallcase.
