India, July 21 -- image credit- shutterstock

Bengaluru-based genomic diagnostics and research services companyMedGenomehas raised $47.5million in its Series E funding round, co-led by Maj Invest, a private equity firm joining as a new investor, along with existing investor Novo Holdings. The round also saw participation from Sofina, an existing shareholder in the company.

This funding will enable the company to broaden access to its genomics and integrated diagnostics solutions across India and other emerging markets. The announcement also reiterates MedGenome's mission to help reduce India's disease burden through early detection and targeted disease management using genetic and integrated diagnostics tools with high affordability.

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