NephroPlus, the dialysis service provider raises $24M in Series E from IIFL AMC and existing investors
- ByStartupStory | December 14, 2021
Over the last two years, NephroPlus has added more than 80 centers in India to strengthen its market leadership, entered the Philippine market with the acquisition of Royal Care Dialysis, and signed the major US $ 100 million dialysis agreement in Uzbekistan. Did.
Hyderabad-based dialysis care provider Nephroplus has raised $ 24 million in a Series E round on Monday to pursue growth opportunities in India and select an international market. The current round, led by
IIFL Asset Management (IIFL AMC), will be along with investments from existing investors Invest Corp and Bessemer Venture Partners (BVP), as well as the company’s recent achievements in dominant market leadership in dialysis. It follows a remarkable expansion. room. Vikram Vuppala, Founder and CEO of
NephroPlus said of the deal: e-round too. NephroPlus faced some challenges in the wave of COVID, but our size, diverse presence, customer loyalty, and strong backward integration of costs make us stronger overall. It was useful. We look forward to using this capital to not only promote organic and inorganic growth in India and abroad but also to invest in building unique digital health solutions for dialysis patients. “
“NephroPlus was founded solely to make a positive difference in the lives of dialysis patients. We have long been to provide quality care to tens of thousands of patients in India and now abroad. We’ve come a long way. The pedigree and long-term global investor foundation we continue to attract is not only the trust that NephroPlus has gained from patients but also the potential impact on dialysis on a global scale. It’s also a testament, added NephroPlusco’s
Kamal Shah-founder and head of guest services. The The startup was previously from Investcorp, one of the world’s leading private equity investors, in 2019. Over the past two years, the company has built more than 80 centers in India, acquired Royal Care Dialysis to enter the Philippine market, and made major dialysis worth $ 100 million in Uzbekistan. By signing the contract, we have further strengthened our market leadership. We built the world’s largest dialysis center in Tashkent.
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