New Delhi/Hyderabad: NephroCare Health Services Pvt. Ltd, which runs a chain of dialysis centres under the NephroPlus brand, said on Wednesday that it has raised 100 crore in Series C funding led by SeaLink Capital Partners (SCP) and International Finance Corporation, an arm of the World Bank Group.

“Over the next five years, NephroPlus aims to widen its network to 500 centres across India, provide over 4 million treatments per year and create around 5,000 skilled health service jobs in the country. We are also planning to open our first international facility in the next one year," said Vikram Vuppala, founder and chief executive officer of the company.

NephroPlus currently has 75 operational centres—66 of them as tie-ups with hospitals and nine stand-alone centres. It also has 25 additional centres in the build-up phase that are at different stages of completion.

Prior to this, NephroPlus had raised $10 million in a Series B round from IFC and Bessemer Venture Partners in June 2014. Bessemer also invested $4.25 million in a Series A round in 2011.

Mint reported in the second week of August that NephroPlus is in talks to raise 100 crore.

“We are excited to partner with NephroPlus," said Heramb Hajarnavis, managing partner of SCP.

“We have been very impressed with how the team has scaled up their network of dialysis centres over the last few years while retaining a sharp focus on the quality of care," Hajarnavis added.

Hajarnavis will join the board of directors of NephroPlus.

NephroPlus recently signed a contract with Andhra Pradesh government to run 13 such centres in the state. The dialysis chain said it’s also bidding for projects under PPP mode in several states.

Dialysis is an artificial process to filter harmful wastes, salt, and excess fluid from blood for people suffering from the last stages of kidney failure.

According to data, over 200,000 patients with end-stage renal disease get added in India every year. But this demand is only half met in the country with less than 5,000 dialysis centres.

To make dialysis more affordable and accessible to patients, finance minister Arun Jaitley in this year’s budget speech had proposed setting up dialysis centres in every district hospital across the country under a new programme called National Dialysis Services Programme.

Jaitley also mooted exemption from basic customs, excise and special additional duties on certain parts of dialysis equipment.

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