Run by Kronica Medical Services Pvt. Ltd., LabStreet is a Gurgaon based startup setup in April, 2014 has recently raised $150,000 (Rs. 1 crore) in Angel funding from multiple investors. It was co-founded by IIT Delhi alumni Lalit Mittal and Ujjwal Chaudhary.
LabStreet is a single point solution for pathology tests (blood, urine, haemoglobin etc.) with their aim to make it more convenient for people to get their blood tests done at-home through quality labs in short period of time without roaming around to pathologies all day. They help people choose the right lab based on the lab’s accreditations, service quality and price.
The company claims it is growing at a rate of 25% as per weekly analysis and is tied up 25+ labs over across Delhi region and is receiving quite a growth at other big cities like Bangalore. LabStreet is also aiming at increasing their staffs by 4-6 times of the current which comprises of around 25 employs and the major employ will be for their technical and logistic roles.
“We have received a great response from Delhi-NCR market and we are looking to replicate the same success story in top-10 cities across India. We are receiving a great traction in Bangalore and Pune markets already,” Lalit Mittal, co-founder of LabStreet, said.Like this press release? Submit yours here.