BPEA EQT acquired a majority stake in Indira IVF, a Udaipur, Rajasthan-based provider of fertility services in India, from from TA Associates and the company’s founders.
The amount of the deal was not disclosed. The founders, Dr. Ajay Murdia, Dr. Kshitiz Murdia, and Dr. Nitiz Murdia, will retain a significant minority stake and continue to lead the company.
With the investment, Indira IVF will enhance its R&D capabilities and technology, broaden its presence across India and explore expansion opportunities into neighboring markets.
Founded by Dr. Ajay Murdia in 1988, Indira IVF is a market leader within Assisted Reproductive Technology services in India. The company has scaled from a single clinic to a nation-wide network spanning 116 centers across 20 states in India. To date, Indira IVF has supported over 125,000 couples in their journey towards achieving pregnancy. It completes approximately 40,000 IVF cycles annually.
FinSMEs
28/07/2023