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VitusCare Gears Up For Major Funding Round

VitusCare Gears Up For Major Funding Round

VitusCare Gears Up For Major Funding Round
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13 Dec 2024 1:40 PM IST

VitusCare, one of India’s fastest-growing dialysis care providers and a leading player in North India, has announced plans to raise over USD 10 MN in its next funding round. This capital will accelerate the company’s mission of making quality dialysis care accessible and affordable across India and similar underserved markets globally. VitusCare is actively engaging with VC funds, healthcare-focused PE players, and impact-driven investors for this capital raise.

The fundraise is planned to drive VitusCare’s next phase of rapid growth. Central to this expansion is the company’s ambitious plan to triple its network of centers within the next 12 months. Having already doubled its footprint in just 7 months since its Series A funding, VitusCare is targeting underserved geographies where access to quality dialysis care is limited.

The funding will also enhance operational and technological support systems to enable seamless scalability while ensuring efficient management across centers. Additionally, VitusCare plans to invest in upskilling the dialysis technicians, paramedics and other clinical staff, a critical component of its business, to maintain its competitive edge in hiring and retaining skilled manpower.

Earlier this year, VitusCare secured USD 2.7 MN in Series A funding led by Tomorrow Capital. This milestone enabled the company to solidify its leadership in underserved Tier 2 and Tier 3 cities across North India, demonstrating exponential growth with a strong focus on EBITDA-positive operations. VitusCare continues to prioritize sustainable profitability to support its impact-driven mission and expand into underserved geographies.

Prabhat Shrivastava, Founder & CEO of VitusCare, stated:

"We take immense pride in having built a highly scalable, operationally efficient, and EBITDA-positive business. Our Series A round in early 2024 allowed us to refine our playbook for rapid scale-up, doubling our footprint to 50+ centers in just 7 months. We stayed true to our ethos of expanding deeper into Bharat and becoming the first dialysis provider in many locations."

"Our next challenge is to shift into hyper-growth mode, targeting an enhanced footprint and doubling our monthly dialysis sessions. The upcoming funding round will fuel this ambition and support our plans for international expansion into underserved markets globally. Already, a challenger brand in India’s dialysis care sector this will put us on track to become the third-largest player nationwide by March 2026."

Founded in 2017, VitusCare was established with a vision to revolutionize renal care, particularly in underserved Tier 2 and 3 cities across North India. Its founding team—Dr. Saurabh Pokhariyal (one of India’s leading nephrologists), Prabhat Shrivastava (a seasoned legal & corporate professional), and Pankaj Tandon (a finance expert)—combined their expertise to address the critical gap in high-quality dialysis care in neglected regions.

Over the years, VitusCare has distinguished itself through its capital-efficient business model and robust unit economics. Its proprietary expansion playbook integrates technology, processes, and skilled personnel, ensuring rapid identification of locations, onboarding of hospital partners, and accelerated path to center setup and utilization ramp-up. This approach has enabled consistent, sustainable growth, positioning VitusCare as a leading service provider in North India.

With plans to expand into international markets with similar unmet dialysis-care, VitusCare is primed for a hyper-growth phase, leveraging the upcoming funding round to scale its impact.

"Our expansion into underserved markets has positioned us as a key player addressing the white spaces in Bharat’s dialysis ecosystem. In the next 5 years, we plan to operate 500+ centers across India, becoming one of the largest renal care providers in Bharat while replicating this impact in international markets. We chose to tackle a challenging segment of the market by providing quality dialysis in underserved regions, and we have mastered this approach. Our goal is to build deeper networks in these areas, maintaining a strong margin profile while delivering impactful care at scale. A key objective is to improve longevity of a patient’s life, showcasing how a VitusCare patient can outlive India’s current dialysis patient average lifespan of 2-3 years. Another critical outcome is ensuring every dialysis patient enjoys a normal, active life as long as they consistently visit a VitusCare center," added Prabhat.

VitusCare plans to specifically target investors who share its vision of transforming healthcare accessibility in underserved markets and understand the significant opportunity in India's dialysis care sector.

At their current pace of growth, VitusCare is already on track to grow 3x in footprint by March 2025 (yoy leading to a 2x on MRR from 2.5 cr to 5cr) and achieve ₹100 crore ARR before March 2026.

VitusCare dialysis care Series A funding healthcare expansion underserved markets 
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