According to company's CEO Madhukar Gangadi, the company with over 1,300 outlets across the country is expected to post revenues up to Rs 1,800 crore this year against Rs 1,350 crore last year.

"We are not looking at IPO right now. We are looking to raise funds. We are in the process. We are planning to raise USD 50 million for expansion. We may close it by March," Gangadi told reporters here.

Gangadi holds 20 percent of the equity of the company while employees and other investors are holding rest of the stake.

MedPlaus today launched its online platform for offering clinical laboratories in Hyderabad.

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