Pathkind Labs

Pathkind Labs

Network of diagnostic pathology laboratories

Founded

2016

Headquarters

Gurugram (India)

Status

Series A

Company Details

Website

Socials

Email

Phone

7500075111

Pathkind Labs is a Indian diagnostics sector, offering pathology and laboratory testing services across the country. The company has built a pan-India footprint with over 100 labs and 3,000+ collection centers, serving both urban and deep Tier 2/3/4 markets. The company differentiates itself through a focus on accessibility, affordability, and quality. Its NABL-accredited labs utilize state-of-the-art technology, and Pathkind’s strategy of establishing labs (not just collection centers) in smaller towns ensures rapid, reliable diagnostics for underserved populations.

Core Products and Services

  • Comprehensive Diagnostic Testing: Offers 3,500+ tests, including routine blood work, advanced molecular diagnostics, cytogenetics, histopathology, immunoassays, and infectious disease panels.

  • Preventive Health Packages: Healthkind Packages (Advance, Complete, Active) provide bundled preventive check-ups covering heart, diabetes, liver, kidney, thyroid, and more, with results typically delivered within 24–48 hours.

  • Specialized Services: National Reference Laboratory for esoteric and high-complexity testing.

  • Home Collection and Digital Access: Home sample collection and online report delivery, enhancing convenience for patients nationwide.

Business Model & Revenue Streams

  • Fee-for-Service Model: Core revenue is generated from diagnostic test fees paid by individuals, hospitals, and doctors. The company’s broad test menu and tiered pricing support both mass-market and specialized segments.

  • Franchise and Network Expansion: Pathkind operates a franchise model, enabling rapid scale with local partners while maintaining quality and brand standards. Franchisees contribute to revenue through a commission/revenue-sharing structure.

  • Hospital and Corporate Partnerships: Revenue from hospital lab management contracts and corporate wellness programs, diversifying the client base.

Top Clients & Partnerships

  • Roche Diagnostics: Partnership to offer advanced diabetes and cardiac care diagnostics, including NTProBNP testing for heart failure risk in diabetes patients.

  • PlayAblo: Collaboration for staff training and learning management, supporting operational excellence in remote locations.

  • HROne: HR technology partnership to streamline internal processes and support rapid scaling.

Future Outlook & Strategic Priorities

  • Aggressive expansion into Tier 2/3/4 cities, aiming for true pan-India coverage and deeper rural penetration (reflecting recent market trends).

  • Investment in automation, digital platforms, and home collection to enhance convenience and operational efficiency.

  • New partnerships for advanced diagnostics (e.g., cardiac and molecular testing) and expansion of preventive health packages.

  • Continued franchise network growth to accelerate reach and brand presence.

Key People

Sanjeev Vashishta

Kawaljeet Singh

Key Metrics

Total Equity Funding

$25.1 Million

No. of Funding Rounds

1

Latest Funding Round

$25.1 Million, Series A

as of May 20, 2022

Post Money Valuation

$230 Million

as of May 20, 2022

Funding Multiple

9.1

as of May 20, 2022

Investors

Motilal Oswal

Employee Count

1424

Similar Companies

Airmed

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
May 20, 2022Series A$25.1 Million$230 Million$29.2Million7.2xMotilal Oswal

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