NephroPlus raises $24 Mn in Series E round

Healthcare company NephroPlus has raised $24 million in a Series E round led by IIFL Asset Management (IIFL AMC) along with investment from existing investors InvestCorp and Bessemer Venture Partners (BVP).

Prior to this round, NephroPlus had raised $45 million in its Series D round from InvestCorp in 2019. The funds will be used to pursue growth opportunities across India and select International markets.

Founded in 2009 by Vikram Vuppala, NephroPlus is a dialysis center network which operates across 275 dialysis centers in more than 170 cities, 23 states in India and treats over 18,000 patients per month and claims to have performed over 60 lakh treatments to date.

The Telangana-based dialysis hub has added more than 80 centers in the last two years, entered the Philippines market with acquisition of Royal Care Dialysis and bagged a significant $100 million dialysis contract in Uzbekistan.