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 UK’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.
Source: Entrackr : Latest Posts