Indira IVF Unicorn
India's largest chain of fertility clinics, offering IVF, IUI, ICSI, embryo transfer, cryopreservation and related assisted reproductive technology (ART) treatments across 200+ centers in 20+ states. Started as a standalone clinic in Udaipur, Rajasthan by Dr. Ajay Murdia in 1988; the corporate entity Indira IVF Hospital was incorporated in FY2015 (Jan 2015). Has since diversified into diagnostics (Indira Pathlabs, 2022)…
Indira IVF: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 28 Jul 2023 | Secondary | Undisclosed | BPEA EQT | source |
| 15 Apr 2019 | Private Equity | Undisclosed | TA Associates | source |
Recent Signals
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16 Jul 2025 · financial
Indira IVF refiles confidential DRHP with SEBI for ~Rs 3,500 crore IPO source -
19 Mar 2025 · regulatory
Indira IVF withdraws confidentially-filed IPO draft papers from SEBI source -
27 Sep 2024 · market-expansion
Indira IVF enters mother-and-childcare hospital segment via wholly-owned subsidiary Matcare Wellness source -
27 Sep 2024 · financial
SPV Spaceway Wellness raised Rs 1,150 crore term loan to fund exit of two erstwhile shareholders in Indira IVF source -
28 Jul 2023 · ma-strategic
BPEA EQT agrees to acquire control/majority stake in Indira IVF from TA Associates and founders source -
20 Dec 2022 · market-expansion
Indira IVF launches diagnostics business "Indira Pathlabs" source
News on Indira IVF
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Who founded Indira IVF?
Indira IVF was founded by Dr. Ajay Murdia, Dr. Kshitiz Murdia, Nitiz Murdia, Ashish Lodha, Manish Khatri in 1988.
What does Indira IVF do?
India's largest chain of fertility clinics, offering IVF, IUI, ICSI, embryo transfer, cryopreservation and related assisted reproductive technology (ART) treatments across 200+ centers in 20+ states. Started as a standalone clinic in Udaipur, Rajasthan by Dr. Ajay Murdia in 1988; the corporate entity Indira IVF…
Where is Indira IVF headquartered?
Indira IVF is headquartered in Mumbai, Maharashtra, India.
What is Indira IVF's business model?
Indira IVF's core value proposition centers on World-class success rates at a low price point, Trust built on standardized treatment, not celebrity doctors, High treatment success rate, "Solutions under the same roof".
How does Indira IVF make money?
Indira IVF's cited revenue streams include IVF & fertility treatment cycles, Pharmacy sales, Hospital / mother & childcare (Matcare), Diagnostics (Indira Pathlabs).