Nephrocare India raises Rs 8.08 Crore in a pre-IPO round

New Delhi: Kolkata-based Nephrocare India, a comprehensive renal care institution founded by renowned nephrologist Dr Pratim Sengupta, has successfully closed its pre-IPO round.

The company has raised Rs 8.08 crore in its pre-ipo round. Marquee investors, including Deepak Parekh (veteran banker and former chairman of HDFC Ltd), Bharat Shah (Chairman, HDFC Securities) and Rajendra Agarwal (Founder and MD of Macleods Pharmaceuticals), among others, participated in the funding round.

Nephrocare is aiming to set up 300 Nephrocare centres across the country in the next 8-10 years, replicating the already demonstrated hub and spoke strategy. The company expects to set up 22 high-end comprehensive kidney care facilities across the country by March 2026. Four centres will be opened by the end of the current fiscal year. The Company is exploring various options of raising funds, including an IPO. The success of the pre-ipo round is a step forward towards this goal.

Founded in 2014, Nephrocare India has three kidney care clinics in West Bengal and a flagship holistic healthcare facility in Salt Lake, Kolkata.  Dr. Sengupta has a personal vision of positively impacting the lives of close to one million patients suffering from chronic kidney disease.

Kidney disease is a silent epidemic, and India is contributing the highest numbers of renal failure patients in the world. An estimated 1 out of 11 Indians are likely to be a victim of renal failure, the leading causes of which are said to be diabetes and hypertension. India, which is often referred to as the ‘Diabetes Capital of the World’, adds close to 2.5 lakh new patients every year to the pool of people requiring dialysis support due to advanced kidney failure.

There are around seven crore patients suffering from various chronic kidney diseases, but only around 12,881 haemodialysis centres are capable of performing dialysis across the country. There is a massive gap between the demand and supply of kidney care units in India. Nephrocare India plans to bridge this gap by setting up holistic renal care units nationwide.