Hyderabad-based chain of IVF centres “Oasis” has raised $6.2M from India Life Sciences Fund II

Oasis centre for reproductive medicine, is a healthcare provider with attention to infertility treatments

Bengaluru - Oct 11, 2016. RedNewswire/-

Oasis is one of the leading chain of in-vitro fertilsation (IVF) centre. It is focused on a single day care clinic, which means consultation, investigation & treatment is done in a single day.

It has raised $6.2M funding from healthcare focused private equity firm India Life Sciences Fund II (Evolvence Group). However, the company has not revealed the equity stake picked up by India Life Sciences Fund.

The company was founded in 2009 by Kiran Gedela and Durga G Rao. The group operates 3 clinics in Hyderabad and plans to expand its chain of IVF centres by opening 20 more centres in Bengaluru, Chennai & other places in India in next five years. The company currently has five centres in Andhra Pradesh and Telangana.

India Life Sciences had earlier made investments in other Indian pharma, medical devices and healthcare services.

Kiran Gedela, MD of Oasis Centre, said..

"This company has been growing on initial equity investments by founders and internal accruals all these years. This is the first round of institutional investment in the form of growth capital."
Durga G Rao, co-founder, Oasis, said..
"Oasis, which has a strong focus on research, will also create extensive training programs, in both clinical and embryology services. We have developed world-class systems, processes and protocols and our multi-disciplinary teams work diligently to implement them. This is reflected in our excellent results."

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