PE Fund Investments
Dialysis chain NephroPlus raises $103-M from Quadria Capital
Hyderabad-headquartered NephroPlus , India's largest dialysis chain, has raised USD 103 million (INR 860 crore) in a Series F funding round from Quadria Capital through a mix of fresh capital infusion and a secondary sale. The primary component is INR 100 crore. The fundraise is aimed at driving expansion plans within India and overseas markets. The funding round valued NephroPlus at more than INR 2,000 crore.Quadria will become a minority shareholder post the latest round of funding. It will have a slightly higher stake than Bahrain-based Investcorp, which was the largest shareholder in the company prior to the latest round at 35-40%.Other existing investors comprising US-based Bessemer Venture Partners (BVP), International Finance Corporation (IFC) and IIFL also pared their stakes in the latest round.Founded in 2009 by Vikram Vuppala, Sandeep Gudibanda and Kamal Shah, NephroPlus has a network of 440 dialysis chains across 20 states in India and four countries - the Philippines, Nepal, Uzbekistan, and Saudi Arabia. It posted revenue of INR 550 crore in FY24.To date, the company has raised about USD 104 million through several rounds.
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