NephroPlus, Indias largest dialysis provider network, on 24th August announced that it has raised Rs 100 crore in Series C funding led by SeaLink Capital Partners (SCP) and International Finance Corporation (IFC, a member of the World Bank Group).
- Heramb Hajarnavis, Managing Partner, SeaLink Capital Partners (SCP), joins the Board of Director of NephroPlus
- Will meet the growing need for kidney disease management services and expansion of network
- Targets over 4 million treatments per year
- Aims to create 5,000 skilled health services
- Create 500 centres in the next 5 years
- Recently signed an agreement with the Andhra Pradesh Government to run 13 centres
According to the statistics available, India accounts for 12 to 15 lakh end stage renal disease (ESRD), with 1 to 1.5 lakh new cases getting added annually. With the increased incidence of diabetes and hypertension, the number will increase more. Due to the lack of facilities, only 10 per cent have access to the right treatment.
With the announcement of the Government of India to start National Dialysis Services Programme to cover poor patients by providing dialysis services in all district hospitals through the public-private partnership (PPP) mode under the National Health Mission (NHM), NephroPlus has expressed sincere interests in partnering with the central and the various state governments to make quality care accessible.
The funding by SCP is a strong validation of the efforts of NephroPlus in the dialysis segment of the Indian healthcare ecosystem. It has been offering the highest quality dialysis services and spearheading change in the way treatment is done both domestically and globally. With 75 centres currently across India, NephroPlus has been encouraging patients to live life normally.