Hyderabad-based startup Nephrocare Health Services Private Limited has raised Rs 316 crore in Series-D funding from Bahrain based private equity playerInvestcorp.
The dialysis service provider would use the fund to foray into international market–setting up a presence in South East Asia and the Middle East through acquisitions or partnerships.
Responding to the development, Vikram Vuppala, Founder and CEO of NephroPlus, said: “Over the last decade, NephroPlus has refined its high quality but cost-effective model to become the most widespread healthcare delivery network in India. Now is the time to grow beyond India while also cementing our leadership position in India with continued growth momentum.”
NephroPlus, a leading dialysis service provider in India, was founded in 2010 by VikramVuppala and Kamal D Shah. It has a total of 196 centers spread across 115+cities.
Over the past five years, it has partnered with 180 top hospitals in India, including Maxx, Medanta and FMRI. In 2018, the startup also acquired DaVita’s India business. Gaurav Sharma, Co-Head of Private Equity, Investcorp India, said: “NephroPlus meets every criteria Investcorplooks for in an investment: outstanding founders supported by a solid team, impeccable clinical quality adherence, and market leadership focused on providing access to high-quality services at an affordable price point across a large and growing addressable market.”