Ahmedabad-based Sterling Accuris Wellness Private Limited (Sterling Accuris), a pathology-focused, diagnostic lab chain, has signed an agreement to raise Rs 250 crore ($34 million) of equity funds from a fund managed by Morgan Stanley Private Equity Asia.
The proceeds from this fundraise will help Sterling Accuris penetrate deeper into existing markets and enter new geographies.
Sterling Accuris, which started operations in 2016, has over 1,000 employees and operates around 150 labs and collection centres across four states — Gujarat, Delhi, Rajasthan, and Madhya Pradesh. The company is aiming to achieve a revenue of around Rs 250 crore in FY22.
