Oncology startup raises capital

OncoStem Diagnostics, a Bengaluru-based oncology focused startup, said that it has raised $6 million in a funding round led by a venture capital firm Sequoia India. The firm said that it was focused on personalised cancer treatment planning through the development of innovative tests that effectively predict the chance of recurrence in patients.

OncoStem said that it would use the funds to deepen research and development, develop effective tests for oral, brain and colon cancer and automate these tests. The company plans to expand it’s presence in India and introduce the test in new markets in Asia as well as in Europe.

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