How Much Did iGenetic Diagnostics Raise?
Funding & Key Investors

iGenetic Diagnostics has solidified its position within the Indian healthcare landscape, securing a total capital infusion of $20.5M. This financial trajectory, marked by a recent strategic investment of $19.5M, underscores the company's transition from a specialized diagnostic startup to a major enterprise-level player. By leveraging this capital, the firm continues to expand its footprint in the high-growth molecular and cytogenetic testing sectors, reinforcing its commitment to delivering advanced clinical insights across diverse medical disciplines.

The company's growth narrative is defined by a clear progression, beginning with early-stage backing that facilitated the establishment of its core laboratory infrastructure. The subsequent influx of private equity capital has enabled the firm to scale its operations, effectively bridging the gap between complex pathological research and accessible patient care across its extensive network of collection centers.

What is iGenetic Diagnostics?

iGenetic Diagnostics
Healthcare ServicesMedical Laboratories & Imaging Centers

Headquartered in Mumbai, iGenetic Diagnostics operates as a next-generation diagnostic powerhouse, specializing in a comprehensive suite of pathological investigations. The company's portfolio spans critical areas including oncology, critical care, gynaecology, and neurology, supported by a robust test menu exceeding 1,400 unique investigations. By maintaining an accredited central laboratory and a widespread network of collection centers, iGenetic Diagnostics serves as a vital link in the Indian healthcare ecosystem, prioritizing the integration of cutting-edge molecular technologies to improve diagnostic accuracy and patient outcomes.

How much funding has iGenetic Diagnostics raised?

iGenetic Diagnostics has raised a total of $20.5M across 2 funding rounds:

2016

Angel/Seed

$1M

2017

Private Equity

$19.5M

Angel/Seed (2016): $1M, investors not publicly disclosed

Private Equity (2017): $19.5M led by Manipal Education and Medical Group and CDC Group Plc

Key Investors in iGenetic Diagnostics

Manipal Education and Medical Group

A diversified conglomerate with deep roots in education and healthcare, focusing on socially relevant and affordable service delivery across India.

CDC Group Plc

A development finance institution that provides long-term capital to businesses in emerging markets to foster sustainable economic growth.

Undisclosed Investor

Undisclosed investor participating in the funding round.

What's next for iGenetic Diagnostics?

With the support of its strategic partners, iGenetic Diagnostics is well-positioned to accelerate its technological roadmap and expand its market penetration. The current funding context suggests a focus on scaling operational capacity and potentially diversifying its diagnostic offerings to address emerging clinical needs. As the company continues to refine its laboratory processes and diagnostic precision, it remains a key entity to watch in the evolving landscape of Indian medical diagnostics, particularly as it seeks to harmonize high-volume testing with specialized, high-complexity molecular analysis.

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Frequently Asked Questions Regarding iGenetic Diagnostics Financial Insights

What are the most recent funding rounds that iGenetic Diagnostics has completed, and what were the funding rounds?
iGenetic Diagnostics has recently completed 2 funding rounds: Private Equity on Feb 28, 2017, Angel/Seed on Jan 10, 2016.
What is the total amount of funding iGenetic Diagnostics has raised to date?
iGenetic Diagnostics has raised a total of $20.5M in funding to date.
How many funding rounds has iGenetic Diagnostics completed?
iGenetic Diagnostics has completed 2 funding rounds.
How much funding did iGenetic Diagnostics raise in its most recent funding round?
iGenetic Diagnostics raised $19.5M in its most recent funding round.
Who are the lead investors in iGenetic Diagnostics's latest funding round?
The lead investor in iGenetic Diagnostics's latest funding round was Manipal Education and Medical Group. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in iGenetic Diagnostics's history?
The largest funding round in iGenetic Diagnostics's history was $19.5M.
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