Private Equity

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Kidney care provider Nephrocare India raises Rs.8.08 Cr

Business Standard  

Nephrocare India , a Kolkata-based kidney care provider, has raised INR 8.08 crore in a pre-initial public offering (IPO) round led by Deepak Parekh, former chairman of HDFC. Bharat Shah (chairman, HDFC Securities), and Rajendra Agarwal (founder and managing director of Macleods Pharmaceuticals), among others, also participated in the funding round. The company aims to set up 300 centres across the country in the next eight to ten years. Four centres will be opened by the end of the current financial year. Nephrocare India operates three kidney care clinics in West Bengal and a flagship holistic healthcare facility in Salt Lake, Kolkata. The company is exploring various options for raising funds, including an IPO.