Hotline: 1800 102 2007
Hotline: 1800 102 2007
Feb, 09 2018

Quadria Capital backs Strand Life Sciences

Strand offers end-to-end capabilities in precision medicine – a complete range of clinical diagnostic offerings through 15 laboratories.

Quadria Capital backs Strand Life Sciences

A huge sum of  $13 million has been raised by Strand Life Sciences in a round led by Quadria Capital, a healthcare-focused private equity investor, with participation from India-based HealthQuad Fund and Singapore-based Heritas Venture Fund, which is a limited partner of Quadria Capital. This investment will be utilised to fund the growth and expansion of Strand.

Strand Life Sciences, which was formed from the business merger of Strand and Triesta, the diagnostics unit of HCG, has expertise across bioinformatics and clinical research capabilities with a pan-India presence in specialised and routine diagnostics services.

Ramesh Hariharan, Chief Executive Officer, Strand Life Sciences said, “The partnership with Quadria and HCG will help launch Strand into its next phase of growth.”

Strand offers end-to-end capabilities in precision medicine – a complete range of clinical diagnostic offerings including oncology, women’s health, fertility, genetics, infectious diseases and preventive care and on-ground presence through 15 laboratories in a mix of metros and emerging cities.

Amit Varma, Managing Partner, Quadria Capital, “The demand for specialised diagnostics has been rising rapidly across the region. With diagnostics moving beyond just identification of infections to becoming an integral part of management and therapy, we see a huge potential in this area.”

Founded in 2000 as a spin-off from the Indian Institute of Science, Strand Life Sciences, has over 220 engineers, scientists, and pathologists, and performs diagnostic tests for more than 1000 hospitals in the country like HCG, TMC Kolkata, Max Hospitals Delhi, Narayana Hrudayalaya and Apollo Hospitals.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Healthcare & Medical Products
    About: Swayos Aushudh is the brand that represents Koye Pharmaceuticals in..
    Locations looking for expansion Maharashtra
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Mumbai Maharashtra
  • About Us: At DogSpa we love to spoil, treat and pamper..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Spykke is India's leading smartphone charging network for the..
    Locations looking for expansion Karnataka
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater bangalore Karnataka
  • Kids/Candy Stores
    JOIN INDIA’S 1st ZERO ROYALTY FRANCHISE MODEL - Khilonewala Toy Library! About..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2011
    Franchising Launch Date 2013
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya Pradesh
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities