Funding · Healthcare & Life Sciences
Orange Health raises $30 million in fresh funding
By Startup Enthusiast ·
- Date
- Company
- Orange Health
- What it does
- Full-stack diagnostics and testing platform
- Kind
- Funding
- Amount
- $30 million
- Based in
- Bengaluru
- Founded
- 2020
What they do
Orange Health provides on-demand diagnostic testing and at-home sample collection through its own labs in four cities
What happened
The company is raising $30 million in new capital after reporting Rs 138.6 crore in FY26 operating revenue
Why it matters
Despite 65% revenue growth, the startup posted an EBITDA loss of Rs 92.4 crore as it expands its collection centre network
The details
- Orange Health is raising $30 million in a new funding round.
- The company reported FY26 operating revenue of Rs 138.6 crore, up 65% from Rs 84 crore in FY25.
- Total expenses for the year stood at Rs 240.3 crore, with employee costs and materials being the largest items.
- The firm recorded an EBITDA loss of Rs 92.4 crore, equivalent to a margin of -66.68%.
- Within its Bengaluru operations, the company says it achieved 20% EBITDA profitability.
- The startup added over 60 company-owned collection centres in the past year, nearly 50 of them in Bengaluru.
The bigger picture
- The company competes with larger diagnostic chains such as Thyrocare, Redcliffe Labs, and Healthians.
- Unit economics show the firm spent Rs 1.73 to earn every rupee of operating revenue in FY26.
- Orange Health promises 60-minute sample collection and delivers 99% of reports within six hours.
About the business
- Orange Health is a full-stack diagnostics platform that offers on-demand testing and home sample collection.
- It runs fully automated laboratories in all four cities where it operates.
- The platform has onboarded over 2,000 clinics to speed up diagnosis and clinical decisions.
- Diagnostics services are the sole source of the company's operating revenue.
- The company has an eQAS partnership with AIIMS and CMC Vellore for quality assurance.
What happens next
- The company expects the impact of this funding round to show in its FY27 financial results.
The deal
- Type
- funding
Founders
- Dhruv Gupta, Co-founder
- Tarun Bhambra, Co-founder
About Orange Health
- Product
- At-home diagnostics and healthcare platform with rapid sample collection and lab testing
- Customers
- Individuals and enterprises seeking accessible, rapid preventive healthcare diagnostics
- How it makes money
- Subscription plans and direct diagnostic testing services through home collection model
- What sets it apart
- 30-minute home sample collection with AI-driven recommendations for preventive care
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