British International Investment (BII), the UK’s development finance organization and impact investor, has made a strategic investment of Rs 82 crore (almost $10 million) in DCDC Health Services Private Limited (DCDC), which runs dialysis facilities under the name DCDC Kidney Care.
The money raised will be used to provide low-income patients with end-stage renal disease (ESRD) with vital, life-saving dialysis treatments.
Through public-private partnerships (PPPs) with state governments, DCDC runs dialysis clinics. It treats the population’s economically disadvantaged segments.
The startup says that within the next three years, 900 dialysis machines will be installed in more than 100 centers. More than 15,000 distinct patients are anticipated to be served, the vast majority of whom are low-income. Additionally, about 1,000 direct jobs will be created.
Between 2022 and 2026, BII plans to devote at least 30% of its total new commitments by value to climate finance. At present, the organization owns investments in more than 1,580 companies in 65 countries.
