PE Fund Investments
Dialysis network operator NephroPlus raises $24-M from IIFL AMC, others
Hyderabad-based dialysis network operator NephroPlus has raised USD 24 million (over INR 180 crore) in Series E funding led by IIFL Asset Management (IIFL AMC), with participation from existing investors InvestCorp and Bessemer Venture Partners. It will use the funds to finance expansion in India and select international markets. NephroPlus operates 275 dialysis centres in more than 170 cities across 23 states in India. It entered the Philippines market with the acquisition of Royal Care Dialysis. In Uzbekistan, it had bagged a USD 100 million dialysis contract, including building a dialysis centre in Tashkent.
From the Venture Intelligence PE-VC Deal Database: Between Dec-11 and Nov-19, Nephroplus raised $73-M from InvestCorp Group, SeaLink Capital, IFC, Trifecta Capital, Bessemer, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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