DCDC raises $20.5 million Series C funding

DCDC Health Services Pvt. Ltd, which operates dialysis centers under the brand Deep Chand Dialysis Centre, on Wednesday said that it has closed its Series C funding round of Rs 150 crore ($20.5 million).

The funding was led by Investment Fund for Developing Countries (IFU), a development finance institution of Denmark, said DCDC in a statement.

DCDC will use the funds to expand its presence across the country with a mix of public and private partnerships (PPP).

The company currently has more than 100 centers with its presence concentrated in the northern regions of Uttar Pradesh, Haryana, National Capital Region (NCR), and Madhya Pradesh. It aims to have over 200 centers over the next three years.

Investment bank Veda Corporate Advisors was the exclusive financial adviser to DCDC on the deal.

DCDC was founded by Aseem Garg in 2009. It offers dialysis care at its PPP centers along with its centers at private hospitals and standalone clinics.