Live
- Fire in TTD Forest in Tirumala
- SC dismisses rape survivor's plea seeking action against Kerala judge
- Chiranjeevi Engages with Russian Delegates on Creative Ventures in Hyderabad
- Has Allu Arjun's ‘Pushpa 2’ raked in Rs. 1000 Crore Pre-Release Business?
- Reports of spat with Netanyahu misleading: Germany
- 5.0-magnitude quake hits Alaska Peninsula
- AP assembly elections: Filing of nominations in full swing in the state
- Alaya F stuns in denim look, exudes boss babe energy
- Brillare Clinic Celebrates First Anniversary with Gratitude and Glamour
- Tillu Square: Sidhu Jonnalagadda’s Film to Stream on Netflix in 5 Languages
NephroPlus raises 100 cr for expansion
NephroPlus, a city-based dialysis services provider, 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. It will use these funds for its network expansion.
Hyderabad: NephroPlus, a city-based dialysis services provider, 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. It will use these funds for its network expansion.
The dialysis network has lined up an aggressive expansion plan which will see its network expanding to 500 centres across the country over the next five years, from the present 75 dialysis centres. It aims to provide over 4 million treatments per year and create around 5,000 skilled health services jobs by that time.
“Securing the backing of a leading investor like SeaLink Capital Partners is an important milestone for NephroPlus and a strong validation of the impact that NephroPlus has been creating in the dialysis space in India,” said Vikram Vuppala, Founder & CEO, NephroPlus.
SCP’s unique network as well as their approach towards growing and building value collaboratively with entrepreneurs will help us further in our growth, he added.
Heramb Hajarnavis, Managing Partner, SeaLink Capital Partners will join the Board of Directors of NephroPlus. “We have been very impressed with how NephroPlus has scaled up their network of dialysis centers over the last few years while retaining a sharp focus on the quality of care. SCP’s approach is to go beyond financial investment and to actively partner with high quality companies,” said Hajarnavis.
This is the third round of funding NephroPlus has attracted so far. Earlier, it had received funding of $10 million (Rs 60 crore) in a Series B round from IFC and existing investor Bessemer Venture Partners in June 2014 and $4.25 million (Rs 23 crore) in a Series A round led by Bessemer Venture Partners in 2011.
