1. NephroPlus plans expansion, raises R100 crore

NephroPlus plans expansion, raises R100 crore

NephroPlus, a dialysis service provider network, has raised R100 crore in Series C funding led by SeaLink Capital Partners (SCP) and International Finance Corporation (IFC). With this, Heramb Hajarnavis, managing partner, SeaLink Capital Partners (SCP), joins the board of directors of NephroPlus.

By: | Hyderabad | Published: August 25, 2016 6:31 AM

NephroPlus, a dialysis service provider network, has raised R100 crore in Series C funding led by SeaLink Capital Partners (SCP) and International Finance Corporation (IFC). With this, Heramb Hajarnavis, managing partner, SeaLink Capital Partners (SCP), joins the board of directors of NephroPlus.

NephroPlus had earlier received funding of $10 million (R60 crore) in a Series B round from IFC and existing investor Bessemer Venture Partners in June 2014 and $4.25 million (R23 crore) in a Series A round led by Bessemer Venture Partners in 2011.

The new infusion of funds will be used to meet the growing need for kidney disease management services in the country and for the expansion of NephroPlus’ network.

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