๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

ABC Impact leads Rs 150 Cr round in DCDC Kidney Care

EntrackrEntrackr ยท 5m ago
ABC Impact leads Rs 150 Cr round in DCDC Kidney Care
Medial

DCDC Health Services Pvt. Ltd. (DCDC), which operates dialysis centers under the DCDC Kidney Care brand, has raised Rs 150 crore ($17.4 million) from Singapore-based ABC Impact, an Asia-focused impact investor backed by Temasek. The proceeds will be used to support its expansion, with plans to roll out 150 new clinics, improving access to affordable dialysis services in line with Ayushman Bharat Yojna. Founded in 2009, DCDC runs over 200 centers across India through public-private partnerships (PPP) and standalone clinics. CEO Aseem Garg said that the investment would enhance last-mile connectivity for quality dialysis care. ABC Impactโ€™s Chief Impact Officer Sugandhi Matta highlighted the necessity of expanding affordable healthcare. DCDC counts IFU and ADB among its investors. Since 2021, it has significantly expanded, delivering nearly 100,000 dialysis sessions per month.

1

Related News

DCDC Health Services raises nearly $10 Mn from BII

EntrackrEntrackr ยท 8m ago
DCDC Health Services raises nearly $10 Mn from BII
Medial

DCDC Health services private limited (DCDC), operating dialysis centers under its brand DCDC Kidney Care, has secured a strategic investment of Rs 82 crore (nearly $10 million) from British International Investment (BII), the UKโ€™s development finance institution and impact investor. The proceeds will be used to deliver critical, life-saving dialysis treatments to low-income patients suffering from end-stage renal disease (ESRD). DCDC operates dialysis clinics in public-private partnership (PPP) arrangements with state governments. It provides treatments to economically weaker sections of the population. The startup claims to have a rollout of 900 dialysis machines in over 100 centers over the next three years. It is expected to reach over 15,000 unique patients, the majority of whom are low-income. This will also create around 1,000 direct jobs. According to BII, at least 30% of its total new commitments by value will be allocated to climate finance between 2022 and 2026. The company currently holds investments in over 1,580 businesses across 65 countries.

Aye Finance raises $30 Mn in Series G round

EntrackrEntrackr ยท 11m ago
Aye Finance raises $30 Mn in Series G round
Medial

Microlending platform Aye Finance has raised Rs 250 crore ($30 million) in a Series G round led by Singaporeโ€™s ABC Impact. The round also saw participation from British International Investment, the UKโ€™s development finance institution and impact investor which led Ayeโ€™s Series F round of Rs 310 crore ($37 million) in December 2023. In June this year, the company also raised $30 million in debt. This investment is the first from ABC Impactโ€™s Fund II and boosts the firmโ€™s assets under management (AUM) to over $850 million. The deal completion is subject to completion of standard conditions precedent. With this round, Ayeโ€™s equity raise totals Rs 1,250 crore ($150 million). With more than 398 locations operating in 22 states around India, Aye Finance offers financial services to micro and small enterprises, the majority of which are involved in manufacturing, trading, and service industries. Aye Finance offers three loan products with values ranging from Rs 50,000 to Rs 1,000,000: quasi-mortgage loans, hypothetical loans, and add-on loans. The firm claims that it has already extended over 7,600 crore ($915 million) in loans to more than 5,76,000 businesses with a 60% repeat rate. Aye Financeโ€™s revenue from operations grew 44.5% to Rs 623 crore during FY23 with a profit of Rs 54 crore. In FY24, the company claims that its profit grew 3 times to Rs 161 crore and revenue was up 67% to Rs 1072 crore. The company ended FY24 with assets under management (AUM) of Rs 4,500 crore and a gross NPA of 1.21%. It competes with several NBFCs including Indifi, Axio (formerly Capital Float), Lendingkart, Flexiloans and others.

Kites Senior Care raises Rs 45 Cr in Series A round

EntrackrEntrackr ยท 1y ago
Kites Senior Care raises Rs 45 Cr in Series A round
Medial

Agetech startup Kites Senior Care has raised Rs 45 crore ($5.4 million) in its Series A round led by Ranjan Pai, chairman of Manipal Education and Medical Group (MEMG) through his family office. Previously in January 2023, Kites had raised Rs 14 crore in a pre-series A round from Ranjan Pai. The proceeds will be used to deepen its presence in cities like Bengaluru, Hyderabad, Chennai, while also facilitating expansion into three additional cities across Southern India, the company said in a press release. Founded in 2016 by Rajagopal and Reema, Kites Senior Care specialises in a range of geriatric services including post-operative and post-hospitalisation rehabilitative care, palliative care, dementia care, and respite care, both within care facilities and at the residences of senior citizens. Currently, the startup has a team of 400 care professionals, which is expected to grow to over 1,500. Further, the Bengaluru-based firm has plans to use the newly raised capital to augment its bed capacity to over 1,000 within the next six quarters, up from the current number of 340. Also, it aims to complete the pilot expansion of its tech platform โ€˜seniorshield,โ€™ leveraging wearable technology from Titan Fastrack. Besides Kites Senior Care, Samarth Life, Age Care Labs, Goodfellows, KareWise, SeniorWorld, GetSetUp, 60Plus India, ElderAid Wellness and GenWise also operate in the agetech space.

Download the medial app to read full posts, comements and news.