About The Renal Project
The Renal Project is a Healthcare company based in Mumbai (India) founded in 2019 by Shashank Modhia. Chain of dialysis clinics. The Renal Project has raised $1.32 million across 5 funding rounds from investors including Thapar Vision, JITO Incubation & Innovation Foundation and 100X.VC. The company has 26 employees. The Renal Project was last valued at $7.26 million in July 2023. Its chief executive, as recorded, is Shashank Modhia. Its Indian entity Renalprojectco Private Limited reported revenue of ₹6.82 Cr. The Renal Project offers products and services including In-Center Hemodialysis, Home Hemodialysis, and Ad-Hoc Emergency Dialysis. Its focus areas include Clinic Chains, Specialty Clinics and Dialysis Clinics. Its competitors include NephroPlus, DCDC and Apex Kidney Care; 3 of its 3 listed competitors have raised funding.
Company details
The Renal Project was established in 2019 in Mumbai, India, within the healthcare sector. A network of dialysis micro-centres is managed to support kidney care and hospital management services. Dialysis therapy is delivered through these facilities, with operations centered on clinical accessibility in urban and regional areas. The focus remains on standard medical protocols for renal patients.
- Headquarters Mumbai, India
- Employees 26
- Founders Shashank Modhia
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website therenalproject.com
- Social LinkedIn X Facebook Instagram
- Legal Name Renalprojectco Private Limited
- Date of Incorporation 19 Sep, 2019
- Jurisdiction Maharashtra, India
- Annual Revenue₹6.82 Cr
FY 2024 · +58% YoY
- Net Loss-₹2.07 Cr
FY 2024 · -30% margin
- EBITDA-₹1.49 Cr
FY 2024 · -22% margin
- Total Equity Funding$1.32M (USD)
in 5 rounds
- Latest Funding Round$370.28K (USD), Seed
Jul 2023
- InvestorsThapar Vision
& 34 more
- Employee Count26
Associated legal entities of The Renal Project
The Renal Project operates through Renalprojectco Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Renalprojectco Private Limited CIN U85100MH2019PTC330775 | Active | 19 Sep 2019 | Mumbai, Maharashtra | ₹6.8 Cr | 26 | 2 | View details |
Products & Services of The Renal Project
The Renal Project offers a comprehensive portfolio of products and services, including In-Center Hemodialysis, Home Hemodialysis, and Ad-Hoc Emergency Dialysis.
Treatment for kidney failure at dedicated centers
Dialysis performed in patients' homes with trained support
On-demand dialysis for urgent renal needs
Funding Insights of The Renal Project
The Renal Project has successfully raised a total of $1.32M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $370.28 thousand completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.32M
- Total Rounds 5
- Last Round Seed — $370,277
- First Round $34,900
(Nov 2019)
- Investors Count 35
All 5 funding rounds of The Renal Project with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2023 | $370,277 | Seed | $7.26M | JITO Incubation & Innovation Foundation, Thapar Vision | |
| Nov 2022 | $207,927 | Angel Round | $3.89M | Deepak Nandikanti, Bhavisha Divyesh Viroja | – |
| Jan 2022 | $411,074 | Seed | $••••• | Namita Thapar, Aman Gupta | |
| Aug 2020 | $300,000 | Seed | $••••• | Gopinath Govindrao Latpate, Akshay Bhansali Supervalue | |
| Nov 2019 | $34,900 | Seed | $••••• | 100X.VC | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2023 | $7.26M | •••••••• |
| Nov 2022 | $3.89M | •••••••• |
| Jan 2022 | $••••• | •••••••• |
| Aug 2020 | $••••• | •••••••• |
Full valuation and stage history of The Renal Project
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $7.26M (Jul 2023). 35 investors in total: 7 institutional and 28 angel.
Investors in The Renal Project
The Renal Project has secured backing from 35 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Thapar Vision, JITO Incubation & Innovation Foundation and 100X.VC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are incubated by the foundation in Mumbai, India. | jitojiif.com | Mumbai, India | ||
Early-stage startups are funded by 100X.VC venture capital firm. | 100x.vc | Mumbai, India | ||
Early-stage investment fund providing seed funding and mentorship to Indian startups. | 2021 | thaparvision.com | Pune, India | |
Metals and chemical products are manufactured by Bbigplas Poly. | Kolkata, India | |||
Legal management services are provided for client needs in India. | Pune, India | |||
A holding company is operated in Kanpur, India. | Kanpur, India | |||
GL Gopi Latpate | Angel investor and tech entrepreneur, co-founder of Shiprocket, focusing on logistics tech. | unknown_d39e63463682409c8 | ||
RG Rajesh Gosalia | unknown_ebc5f092a81b47a3a | |||
SJ Sandeep Jain | Founder of GeeksforGeeks, angel investor in edtech and tech startups | unknown_8498717c4a8046b1a |
Investor details for The Renal Project
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Board of directors of Renalprojectco Private Limited (The Renal Project)
Renalprojectco Private Limited is the primary company behind The Renal Project. The board of Renalprojectco Private Limited currently have 2 directors; the longest-serving is Shashank Mahesh Modhia, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shashank Mahesh Modhia DIN 08145450 | Director | 19 Sep 2019 | 7 yrs 1 mo | Renalprojectco Private Limited |
| Jinal Rajesh Malkan DIN 10902595 | Director | 10 Jan 2025 | 1 yr 10 mo | Renalprojectco Private Limited |
People of The Renal Project
1 people are tracked at The Renal Project (1 in leadership); the tracked headcount is 26.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for The Renal Project
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Financials of The Renal Project
Figures of Renalprojectco Private Limited, the primary company behind The Renal Project, for FY 2024. Revenue was ₹6.82 Cr (+58% year on year). Net loss was -₹2.07 Cr (-30% margin). EBITDA was -₹1.49 Cr (-22% margin). Revenue has grown at a compounded annual rate of +101% over three years.
- ₹6.82 CrRevenue · FY 2024 · +58% YoY
- -₹2.07 CrNet loss · -30% margin
- -₹1.49 CrEBITDA · -22% margin
- ₹25.2 LakhPaid-up capital
- 26Employees (provident fund records)
- +101%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Renalprojectco Private Limited are on its company page.
Detailed financial statements for The Renal Project
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of The Renal Project
4 dated milestones of The Renal Project across 4 years, from founding to its latest funding, stage changes and deals.
- Founded The Renal Project is founded.
- Funding First funding round of $35K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $370K.
Competitors of The Renal Project
The Renal Project has 3 listed competitors in our database, 3 of them funded. They include NephroPlus, DCDC and Apex Kidney Care.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nephroplus.com | 2009 | Hyderabad, India | $205.37M | 3,121 | Dialysis services and technician training are provided for kidney care. | |
| dcdc.co.in | 2009 | Delhi, India | $61.43M | 850 | Chain of dialysis and kidney clinics | |
| apexkidneycare.com | 2008 | Mumbai, India | $19.23M | 1,445 | Chain of dialysis clinics |
Detailed competitors of The Renal Project
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Web traffic of The Renal Project
The website of The Renal Project (therenalproject.com) receives about 3.2K visits a month.
- Monthly visits3.2K
▼ 49.8% vs previous month
Top companies in Hospitals & Clinical Care
3 companies that operate in the same segment as The Renal Project (Hospitals & Clinical Care) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Maternity, childcare, and fertility services are delivered via hospital chains. | 2007 | Bengaluru, Karnataka, India | USD 204.87 M | USD 140.46 M | 6,354 | |
Chain of oncology hospitals | 1989 | Bengaluru, Karnataka, India | USD 36.59 M | USD 270.51 M | 321 | |
Chain of multi-super specialty healthcare hospitals | 2004 | Gurugram, Haryana, India | USD 104.7 M | USD 461.72 M | 12,240 |
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Related news about The Renal Project
Complete news archive for The Renal Project
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Frequently Asked Questions about The Renal Project
The Renal Project was founded in 2019.
The Renal Project is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Shashank Modhia is the CEO of The Renal Project, as recorded in our data. They have also founded this company.
The Renal Project is a funded company, having raised a total of $1.32M across 5 funding rounds to date. The company's 1st funding round was a Seed of $34.9K, raised on Nov 2019.
The Renal Project has 26 employees.
The primary company behind The Renal Project, Renalprojectco Private Limited, reported revenue of ₹6.82 Cr for FY 2024, up 58% year on year.
The Renal Project was established in 2019 in Mumbai, India, within the healthcare sector. A network of dialysis micro-centres is managed to support kidney care and hospital management services. Dialysis therapy is delivered through these facilities, with operations centered on clinical accessibility in urban and regional areas. The focus remains on standard medical protocols for renal patients.
The Renal Project's top competitors include DCDC, Apex Kidney Care and NephroPlus.
The Renal Project offers In-Center Hemodialysis, Home Hemodialysis, and Ad-Hoc Emergency Dialysis.
The Renal Project has 35 investors. Key investors include Thapar Vision, JITO Incubation & Innovation Foundation, 100X.VC, Gopi Latpate, and Bbigplas Poly.
The valuation of The Renal Project is $7.26M as of Jul 2023.
The Renal Project operates through Renalprojectco Private Limited.