Wednesday, May 18, 2022
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Nephroplus Raises 24 Million From Iifl Amc Existing Investors

NephroPlus raises $24 million from IIFL AMC, existing investors

By Telangana Today
Published: Updated On - 05:15 PM, Mon - 13 December 21

Hyderabad: Hyderabad-based NephroPlus has closed Series E round of funding of $24 million (over Rs 180 crore) to pursue growth opportunities across India and select International markets.

The current round led by IIFL Asset Management (IIFL AMC) along with investment from existing investors InvestCorp and Bessemer Venture Partners (BVP) comes on the heels of a scale-up that the company has delivered in recent years in the dialysis space.

NephroPlus had raised a prior round of funding in 2019 from InvestCorp. In the last two years, it added 80 plus centres in India, entered the Philippines market with acquisition of Royal Care Dialysis and bagged a significant $100 million dialysis contract in Uzbekistan, which includes building the world’s largest dialysis centre in Tashkent.

So far, NephroPlus has signed up over 200 reputed hospitals as partners for operating dialysis centres including Fortis Hospitals, CARE Hospitals, Medanta and Max Healthcare. It has also set up PPP centres in partnership with State governments and operates the country’s largest dialysis centre at Tirupati.

NephroPlus founder and CEO Vikram Vuppala, said, “While NephroPlus had faced few challenges during the Covid waves, our scale, diversified presence, customer connect, along with strong backward integration on costs has helped us emerge stronger overall. We look forward to not only driving organic and inorganic growth in India and overseas with this capital, but also invest in building a unique digital health solution targeted at dialysis patients.”

Anshuman Goenka, head, Private Equity, IIFL Asset Management, said, “There are not too many unique scaled-up market leading businesses in healthcare like NephroPlus, especially with such a capable management team.”


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.
Click to follow Telangana Today Facebook page and Twitter .

  • Follow Us :
  • Tags
  • Care Hospitals
  • Hyderabad
  • NephroPlus

Related News

  • Hyderabad: Youngster jumps into Hussain Sagar, rescued

  • Hyderabad: GHMC installs steel portal frame for Shilpa Layout flyover

  • Hyderabad Traffic Police, BITS Pilani tie up to fix ‘black spots’

  • Hyderabad startup to make noise at Cannes Film Festival

  • ‘Hyderabad will continue to be our largest centre’

  • Hyderabad-based Quixy to double headcount to 300 this FY

Latest News

  • KTR arrives in London, to meet industry leaders

    4 seconds ago
  • Bribe for visa case: Karti’s close aide arrested held by CBI

    17 mins ago
  • Canada issues ban on entry for Putin, nearly 1000 Russian nationals

    32 mins ago
  • Man kills brother after fight over a gun in Uttar Pradesh

    48 mins ago
  • Hyderabad: Pattana Pragathi in GHMC from May 20

    9 hours ago
  • Opinion: Towards sustainable greening

    9 hours ago
  • All set for transfer, promotion of teachers in Telangana

    9 hours ago
  • Editorial: Moment of glory

    10 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam