Pluro raises US$14m for India fertility platform

Pluro has raised US$14m Series A to build a fertility platform partnering with standalone IVF clinics across India.

Pluro says it will provide technology and operational support while doctors keep running their clinics and receive equity participation.

IVF, or in vitro fertilisation, combines eggs and sperm in a lab to create embryos before transfer to the womb.

The company says 27 million couples in India are affected by infertility. IVF cycles are projected to rise from about 300,000 in 2024 to 550,000 by 2030.

India’s IVF market is fragmented, with around 6,500 centres and nearly 90 per cent operating as standalone clinics.

Pluro plans to partner with and integrate 25 standalone IVF clinics over the next six months, offering support across finance, HR, operations and marketing.

The founding team includes Dr Jaydeep Tank, chief executive and co-founder, one of the earliest gynaecologists to establish an IVF practice in India who has mentored more than 20 specialists; Dr Parikshit Tank, co-founder and IVF specialist with over 80 peer-reviewed papers and four authored books; and Dr Bhaskar Shah, co-founder and promoter of Jupiter Hospitals, a listed chain with a market capitalisation of US$1.17bn.

The round was led by Bessemer Venture Partners.