Nephroplus to foray in global markets by next 3-6 months

Nephroplus to foray in global markets by next 3-6 months

Hyderabad, Nov 5: Nephropuls, a Hyderabad-based Dialysis provider, will enter into global markets by the next 3-6 months, by launching one each dialysis centre, in two countries of South East Asia and the Middle East.

By the next year, the company will set up 20 international dialysis centres and plans to raise between Rs 130-150 crore through series 'D' funding, company Founder and CEO Vikram Vuppala told reporters here, after announcing the acquisition of 22 dialysis centres of DaVita Care India, part of DaVita Inc, a Fortune 500 Company, on Monday.

''Nearly half a dozen international investors are showing interest to invest in Nephroplus and we are holding talks with them. We will hold major stake, though we will go for joint ventures with international hospitals in setting up of dialysis centre at the overseas.

''So far, the company had raised Rs 200 crore in the series of A,B,C funding,'' Mr Vikram further said, adding the company's turnover was expected to touch Rs 200 crore in the fiscal, against Rs 150 crore in the last year.

The company is also planning to go for an IPO (initial public offering) in the next 2-3 years in India, he added. (UNI)