BVP India invests in Indian dialysis clinics
Many entrepreneurs within growth-stage firms claim to live and breathe their business propositions. One company founder, Kamah Shah, takes this adage to the next level, however, as his reliance on kidney dialysis machines sees him undergoing the treatment for six hours every night. Shah’s company, Nephroplus, which he founded alongside Vikram Vuppula in 2009, is a chain of kidney care and dialysis clinics providing services such as hemodialysis and kidney transplants to patients in six Indian states. The company, which had previously only received angel backing totaling INR25 million ($470 million), is aiming to launch 100 new kidney care clinics across the country over the next three years.
Fortunately for Nephroplus, Bessemer Venture Partners (BVP) shares this ambition, and deciding to approach Shah and Vuppula to fund the project. Through its BVP VIII vehicle, which closed on $1.6 billion...
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