GenWorks Health secures Rs 135 cr from Morgan Stanley, Wipro GE and others

Funding will be leveraged to cover working capital needs, relevant M&A to invest in manufacturing tie-ups, and expansion in-vitro diagnostics

Healthcare startup GenWorks said that it has secured a second round of funding of Rs 135 crore. The consortium of investors who partook in this round, were Somerset Indus Capital Partners, Morgan Stanley through its funding arm Grand Vista, Evolvence and Wipro GE.

GenWorks aims to double revenues in FY23 and the funding will be leveraged to cover working capital needs, relevant M&A to invest in manufacturing partnerships, and expansion in the area of in-vitro diagnostics. In addition, the freshly infused funds would be deployed towards building ‘’Human Capital’’ to enable the rapid growth and build ‘’Platform Participation’’.

“We started with 160