MedGenome Labs closes Series C funding round at $40 million

Genetic diagnostics company MedGenome Labs has closed its Series C round of funding, at $40 million (Rs 266.11 crore), bringing in new investors HDFC Ltd, HDFC Life and HDFC Asset Management, the Bengaluru and California-based venture announced on Monday. According to a statement released by the company, MedGenome will use the proceeds to expand the clinical genomic testing market by…