NEPHROCARE SECURES RS 8.08 CR IN PRE-IPO FUNDING

The fresh infusion of capital will fuel Nephrocare India’s target of establishing 22 high-end kidney care facilities across India by March 2026.

Nephrocare India, a Kolkata-based comprehensive renal care institution, has raised Rs 8.08 crore in its pre-IPO round paving the way for its expansion plans, the company said on Friday.

The funding saw participation from marquee investors, who include former HDFC Ltd. chairman Deepak Parekh, HDFC Securities chairman Bharat Shah, and founder and MD of Macleods Pharmaceuticals Rajendra Agarwal, it said.

The fresh infusion of capital will fuel Nephrocare India’s target of establishing 22 high-end kidney care facilities across India by March 2026. Four centers are expected to be operational by the end of the current fiscal, the company said in a statement. Its long-term vision is to establish 300 Nephrocare centers across the country within the next 8-10 years.

Highlighting the critical need for such expansion, company officials pointed out the vast demand for kidney care units in India, the statement said. With an estimated seven crore patients struggling with chronic kidney diseases and only around 12,881 haemodialysis centers nationwide, access to proper treatment remains severely limited.

Nearly one in eleven Indians are susceptible to renal failure which is often driven by diabetes and hypertension, the officials said India, dubbed the ‘diabetes capital of the world’, adds approximately 2.5 lakh new dialysis-dependent patients annually due to advanced kidney conditions, they added. 

It is amazing to see the vision of this startup of establishing 22 high-end kidney care facilities across India by March 2026. I’d be happy to provide any kind of help in this Nobel cause. Sending my best wishes to the Nephrocare startup.

~ Dr Shishir said Gupta founder & CEO of StartupLanes 

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