Redcliffe to sell IVF unit, grow with less funds

IVF unit under Crysta brand has centres in Delhi, Pune and other cities

- Debjyoti Roy

Healthtech platform Redcliffe Lifetech Pvt Ltd, which operates diagnostic labs across many cities in India, is in talks to raise its Series C round of funding that could be smaller in size than the last outing, at least two people aware of the development told VCCircle.

Redcliffe is in talks to raise around $50 million (₹415 crore) in this transaction, one of the two people said. He added that mid-market focused H investment bank o3 Capital is helping the company scout for potential investors.

Homegrown funds like Kedaara Capital and Jashvik Capital, among others, are evaluating the healthtech platform for potential investments, the person said.