Bahrain's Investcorp Invests $45m In Indian Healthcare Firm

Bahrain-based alternative asset manager Investcorp has announced that it has closed a $45 million investment in Nephrocare Health Services Private Limited.

Founded in 2010 by Vikram Vuppala and Kamal D Shah, NephroPlus is a dialysis service provider in India and has the largest network of dialysis centres in the country,

It hosts 140,000 dialysis sessions per month in 196 centres across more than 115 cities in India.

Earlier investors in NephroPlus include Bessemer Venture Partners and IFC, the private-sector arm of the World Bank, who will remain alongside Investcorp, with SeaLink Capital exiting.

The primary capital raised in this round will be used towards organic growth in India and taking NephroPlus to other markets, starting with South East Asia. 

Investcorp said NephroPlus aspires to build a regional network of dialysis centres spanning India and selected countries in Asia and the Gulf region.

It is estimated that only 15 percent of over 1.2 million patients in India with kidney failure were able to access dialysis.

Gaurav Sharma, co-head of private equity, Investcorp India, said: “NephroPlus meets every criteria Investcorp looks for in an investment: outstanding founders supported by a solid team, impeccable clinical quality adherence and market leadership focused on providing access to high quality services at an affordable price point across a large and growing addressable market. We look forward to supporting Vikram to realize the full potential of the NephroPlus business model, both in India and abroad.”

Investcorp manages over $28 billion globally.