Click Labs backed Labstreet raises seed funding to expand footprint across 10 cities Labstreet has tied up with more than 25 labs across Delhi NCR.

By Entrepreneur India

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

Gurgaon-based online healthcare services start-up Labstreet hasannounced to secure $150k in angel funding led by Chandigarh and California-based Click Labs. Click Labs is founded by Samar Singla,which supports entrepreneurs by providing them with co-working spaceas well as creating MVPs for start-ups in the area of on-demand mobileservices, mobile gaming, enterprise mobility and internet of things (IoT). The venture plans to utilise funds for enhancing the collection and logistics capabilities as well as expanding the footprint across 10 cities.

Commenting on the investment, Singla, said, "The technical know-how of the team is a big strength and the expertise they bring with themselves is of great value. I am sure that this brings great relief to the consumers to be able to get their lab tests done in a much simpler and time efficient fashion."

Founded by IIT Delhi alumni Lalit Mittal and Ujjwal Chaudhry, Labstreet is a demand aggregator for diagnostic labs. It helps customers in choosing the labs based on the lab's accreditation, service rating and price. Further it recognises the customer's need for convenience early and provides home sample collection facility.

"Indian diagnostic industry is undergoing a structural change as the current capacity utilizations are really low and the industry is highly fragmented. The macro-factors for this industry are same as those which created disruptive models like Uber and AirBnB models in the US market. Asset-light models like Labstreet play an important role in the market by matching demand with supply while bringing greater transparency in the market. It's a win-win for both customers and labs," Ujjwal Chaudhry, Co-founder, Labstreet.

Owned and operated under Kronica Medical Services Private Limited, over 5 months old start-up has been growing 25 percent week-on-week and looking to reach daily 200 transactions by next month. Labstreet has tie up with more than 25 labs across Delhi NCR. Apart from Delhi NCR, Start-up has recently launched its operations in Pune and Bangalore.

"Customers are increasingly looking for reliable labs while enjoying the convenience of at-home diagnostic services. 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," said Lalit Mittal, Co-founder, Labstreet.

Apart from Labstreet, LabsAdvisor, an online marketplace which connects customers with diagnostic labs raised nearly $184,000 (Rs 1.2 crore) from a group of eight unnamed angel investors from India and abroad.

Business News

Over 1,300 Google Employees Have Signed a New Petition Asking For Job Security

Google laid off thousands of employees in the past two years, which has left some employees feeling insecure about keeping their jobs.

News and Trends

MSME Ministry Unveils TEAM Initiative with INR 277.35 Cr Budget to Empower Small Businesses

The programme aims to onboard 5 lakh MSMEs onto the Open Network for Digital Commerce (ONDC), fostering greater inclusivity by targeting 50% women-led enterprises.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Business News

OpenAI Says AI Industry Disruptor DeepSeek May Have Copied Its Work as Rivals Race to Catch Up

Competitor Alibaba, meanwhile, says it has developed a model that's even smarter than DeepSeek.

Marketing

7 Local SEO Strategies I've Used to Help Businesses Boost Their Revenue 10x — Especially Blue-Collar Companies

Discover actionable local SEO strategies for service-based businesses like pest control or auto glass repair. Boost visibility, reviews and leads with these tips.

Business News

Barbara Corcoran Says She Doesn't Look at Resumes: 'Always Hire Attitude Over Experience'

If you think you need a strong resume to work with real estate pioneer Barbara Corcoran, think again.