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Home > Startups > Funding > VitusCare plans to raise over $10 million in next funding round

VitusCare plans to raise over $10 million in next funding round

Earlier this year, VitusCare secured $2.7 million in Series A funding led by Tomorrow Capital.

Abhinav Kumar Singh
Last updated: December 15, 2024 10:29 PM
By Abhinav Kumar Singh
VitusCare plans to raise over $10 million in next funding round
VitusCare plans to raise over $10 million in next funding round
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VitusCare, a dialysis care provider, has announced plans to raise over $10 million 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.

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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 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 $2.7 million 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.

Prabhat Shrivastava, Founder & CEO of VitusCare, said, “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,” he added.

”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.

Founded in 2017 by Saurabh Pokhariyal, Prabhat Shrivastava, and Pankaj Tandon, VitusCare was established with a vision to revolutionize renal care, particularly in underserved Tier 2 and 3 cities across 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.

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 crore to 5 crore) and achieve ₹100 crore ARR before March 2026.

TAGGED:VitusCare

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