Founded in 2009, NephroPlus is a dialysis network provider running kidney care clinics across India, offering quality dialysis care at affordable costs. Each NephroPlus center is a one stop shop for all of a kidney patient’s needs. With a strong commitment to quality, NephroPlus is spearheading a change in the way kidney care is provided in India. NephroPlus operated 26 dialysis centers across ten states in India at the time of the investment.
IFC & Nephroplus
IFC invested US$7 million in NephroPlus series B round of financing in 2014. The investment will be used by NephroPlus to expand its network of dialysis centers in India. IFC led the investment round and co-invested with existing investor Bessemer Venture Partners, who invested an additional US$3 million in NephroPlus. “IFC is a long-term partner for NephroPlus with significant healthcare expertise and a broad network of healthcare clients across emerging markets,” said Vikram Vuppala, Founder and CEO, NephroPlus. “The investment will enable NephroPlus to leverage IFC’s global healthcare knowledge and industry relationships with a view to expand NephroPlus’ quality dialysis care model in India.” “Providing high quality dialysis care in a highly underserved market not only improves quality of life for chronic kidney care patients, but also creates skilled healthcare jobs and boosts growth,” said Pravan Malhotra, Venture Capital Lead for South Asia at IFC. “High quality dialysis providers with a commitment to operational excellence need to scale up to meet India’s enormous healthcare needs. IFC is providing capital and assistance to help NephroPlus in this endeavor.”
NephroPlus’ specialized dialysis centers are expected to improve access to quality healthcare in India. India remains a highly under-served market for dialysis services. An estimated one million people in India are required to undergo dialysis sessions three times each week. However, almost nine out of ten people who need dialysis do not have access to it, and it is clinically and financially difficult for hospitals to provide this service. Specialized operators such as NephroPlus help people improve the length and quality of their lives. The company aims to reach over 8,000 patients and help create 1,000 skilled health services jobs in the next five years, almost a third of these will be for women.
The venture investment is part of IFC’s broader healthcare sector strategy, both globally and in India, which aims to address constraints to the development of accessible and affordable healthcare facilities. IFC is the world’s largest multilateral investor in the private health care sector in emerging markets, with financing of over US$2.2 billion to 164 private health care and life sciences projects in 53 countries. IFC-supported health projects treat about 12 million patients annually.