Exclusive: Sequoia Capital invests more in Suburban Diagnostics
Pathology chain Suburban Diagnostics India Pvt Ltd has received additional investment from venture and growth capital investor Sequoia Capital, two people privy to the development told VCCircle. The fresh capital infusion comes at a time when investor interest in the country’s diagnostics sector has been high. This has helped companies such as Dr Lal PathLabs Ltd and Thyrocare Technologies Ltd to float blockbuster initial public offerings over the past year and a few others such as Suraksha Diagnostic Pvt Ltd to attract private equity funding. Sequoia Capital had initially invested Rs 40 crore ($7.5 million) in Suburban Diagnostics in November...
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