Connect with us

The Plunge Daily

LifeCell secures Rs 255 cr in funding led by Orbimed Asia

LifeCell raises Rs 255 cr in funding led by Orbimed Asia Partners

Funding News

LifeCell secures Rs 255 cr in funding led by Orbimed Asia

Leading stem cell bank LifeCell International on Tuesday said it has raised Rs 255 crore in a funding round led by healthcare investment firm OrbiMed Asia Partners IV. The founders of LifeCell also participated in the round, LifeCell International Pvt Ltd said in a statement. While OrbiMed Asia Partners IV has put in Rs 225 crore, existing partners have put in Rs 30 crore, it added.

“With demonstrated market leadership across segments, LifeCell seeks to further leverage its technological expertise, strong brand position, and wide network to foray into adjacent new categories like Fertility Heath and Cell-based therapeutics,” LifeCell International MD Mayur Abhaya said. These funds will help accelerate this agenda and further strengthen the company’s market position, he added.

Also read: Maruti Suzuki launches new campaign to reiterate brand promise of fuel efficiency

OrbiMed Asia Senior Managing Director Sunny Sharma will join the Board of LifeCell upon closure of this transaction, LifeCell said. “LifeCell has built a trusted healthcare brand in maternal and newborn health through innovation and service. We are very excited to partner with Mayur and his team in the next stage of LifeCell’s growth,” Sharma said.



  1. Pingback: Kharif foodgrain output estimated at record 150.50 million tonne this year: Govt

  2. Pingback: DoT issues order to enable door-step delivery of SIM cards

  3. Pingback: FrontRow, a learning platform for non-academic skills, raises USD 14 mn

  4. Pingback: Centre launches National Single Window System for investors, businesses

  5. Pingback: CareerLabs ties up with Tech Mahindra to upskill 3000 graduates

Leave a Reply

Your email address will not be published.

To Top