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IFC invests $7 billion in NephroPlus The investment will be used by NephroPlus to expand its network of dialysis centres in India
IFC, A MEMBER of the World Bank Group, has invested $7 million in dialysis provider NephroPlus to expand access to high quality kidney care services in India. The company aims to reach over 8,000 patients and help create 1,000 skilled health services jobs in the next five years. This is IFC's first healthcare venture capital investment in South Asia, and also the first from IFC's $250 million Early Stage Investment Program. The investment will be used by NephroPlus to expand its network of dialysis centres in India. NephroPlus already operates 26 dialysis centres across ten states in India. Besides IFC, existing investor, Bessemer Venture Partners, has invested an additional $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
Besides IFC, existing investor, Bessemer Venture Partners, also has invested an additional $3 million in NephroPlus EXPRESS HEALTHCARE
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July 2014
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. We are helping NephroPlus do that.” EH News Bureau