NephroPlus plans to tap Asian markets
Riding high on a fresh (fourth) round of funding of $45 million (Rs 323 crore) from Investcorp – a Bahrain-based global alternative asset management...
Hyderabad: Riding high on a fresh (fourth) round of funding of $45 million (Rs 323 crore) from Investcorp – a Bahrain-based global alternative asset management company, dialysis provider NephroPlus is foraying into International markets beginning with West Asia and South East Asia.
The company could also give exit to one of its angel investors Sealink Capital as a result of the new funding.
Talking to reporters here on Tuesday, Vikram Vuppala, Founder & CEO, NephroPlus, said: "With the latest investment, we are looking at expanding our presence with acquisitions and partnerships commencing with Indonesia, Philippines, Vietnam, Saudi Arabia and Bahrain.
A contract with Vietnam is currently underway and will be effective within the next two- three months." "We are hoping to set-up 75-100 centers in the 5 International markets within the next three years.
In India, we are aiming to grow momentum by expanding to 40 centers every year through our high quality but cost-effective models," Vikram added.
The company which has 200 centres spread across 116 cities and 20 states is also launching three dialysis centres at Eluru, Vizianagaram and Pulivendla in the PPP mode along with the Andhra Pradesh Government.