Indira IVF

About Indira IVF

Indira IVF started as a single fertility clinic in Udaipur in 1988 has since then scaled to become the largest provider of ART services in India with 115+ centers across 20+ states in India. The company is on a mission to bring world-class fertility services at affordable prices to families in India striving for the best clinical outcomes. Indira IVF has a capital efficient, brand-led business model that is scalable and repeatable supported by strong technology systems.

Market trends and drivers

India is one of the fastest growing IVF markets globally and significantly underpenetrated compared to more developed markets. IVF penetration in India is 210 cycles / million population compared to 1,200 for the US and >2,000 for Europe. The growth in the IVF market in India is supported by the rising awareness about infertility treatments, growing middle class, declining fertility rates, and increasing marriage age.

Investment potential

Indira IVF will benefit from EQT’s strong global advisor and expert network in healthcare and in-house digital team. EQT will continue to invest in its R&D capabilities and technology, while further broadening its footprint across India and exploring expansion into neighboring markets, supporting M&A opportunities to further consolidate its market position within the India ART services sector.