Transforming fertility care in India with Pluro
Bessemer Venture Partners leads Pluro’s $14 million Series A to bring reliable, high-quality fertility care to families across India
Nithin Kaimal & Ibrahim Faruqi
Published on Oct 31, 2025
In India, infertility affects over 27 million couples today. Lifestyle changes such as delayed family planning and rising obesity rates, along with biological factors including declining egg reserves, reduced sperm quality, and increased smoking and alcohol consumption, have all contributed to this trend. As a result, the demand for fertility care is growing rapidly.
The number of IVF cycles in India is expected to increase from ~300,000 cycles in 2024 to 550,000 by 2030, driven by cultural emphasis on parenthood, increased social acceptance of fertility treatments, and government-led initiatives that are reaching semi-urban and rural communities. Still, the IVF industry in India remains highly fragmented. Of the ~6,500 centres in India, nearly ~90% are standalone clinics. Patients, especially in Tier 2 and 3 cities, often struggle to find consistent, standardized, and trustworthy care.
Pluro’s approach to fertility care in India
Pluro is building a fertility platform designed to solve this problem by combining a seamless patient experience with best-in-class medical care. The company partners with reputed, highly experienced doctors, equipping them with a robust platform that provides technology and operational support in areas such as finance, HR, operations, and marketing. This allows doctors to focus on what matters most — delivering high-quality, personalized medical care — while patients benefit from a standardized, dependable, and outcomes-driven experience.
The company is on track to partner with and integrate 25 standalone IVF clinics over the next six months. The company’s aspiration is not only to build India’s largest fertility chain but also its most impactful one. Pluro’s model allows doctors to continue running their existing clinics while leveraging the efficiencies of a unified platform. The platform provides each partner doctor with equity participation, aligning incentives across the network and enabling wealth creation for doctors as Pluro grows. Patients, in turn, gain confidence in receiving consistent, high-quality care and industry-leading outcomes.
Why we partnered with Pluro
At Bessemer, we believe that organised single-specialty chains are uniquely positioned to deliver superior outcomes in India’s fragmented healthcare market. Focused platforms like Pluro can fill the gap left by larger hospitals, which often struggle to provide highly individualized care for outpatient needs. What gave us our deep conviction in Pluro is the strength of its founding team. Each founder brings more than two decades of medical and healthcare leadership experience:
- Dr. Jaydeep Tank (CEO and co-founder), one of the earliest gynecologists to establish an IVF practice in India, has mentored over 20 specialists in setting up their own clinics.
- Dr. Parikshit Tank (Co-founder), a widely published IVF specialist with over 80 peer-reviewed papers and four authored books.
- Dr. Bhaskar Shah (Co-founder), a seasoned healthcare administrator and promoter of Jupiter Hospitals, a publicly listed chain with a market capitalization of $1.17 billion.
Together, this team combines world-class medical expertise with proven operational excellence, uniquely positioning Pluro to raise the bar for fertility care in India. We’re proud to partner with the Pluro team as they work to bring reliable, standardized, and compassionate fertility care to families across the country. Their mission reflects our broader thesis that technology-enabled, single-specialty platforms will redefine healthcare delivery in India’s most critical and underserved areas.
Contributors

Nithin Kaimal
Partner & BVP India Chief Operating Officer
Nithin Kaimal is a Partner at Bessemer and Chief Operating Officer of BVP India. He invests in AI-native challengers to the IT services, BPO, and KPO incumbents, companies that sell solved outcomes in complex workflows across healthcare, BFSI, life sciences, and other verticals with significant prevalence of outsourcing. He also leads Bessemer's investing in AI-first wealth management in India. He partners with founders from pre-seed through Series B, particularly those building across the India–US corridor, and is partner to Graph AI, Aivar, dCortex, and Pluro. Alongside classic venture rounds, he has a particular appetite for incubations, management buyouts, and control deals with significant room for value creation, the playbook behind Pluro. As COO, he oversees Bessemer's India fund and provides portfolio companies with services, resources, and strategic counsel.
Prior to Bessemer, Nithin spent over a decade in private equity, including IDFC Alternatives and IndiaRF (the Piramal–Bain Capital Credit JV), where he was on the founding team. He has co-founded two ventures of his own, in investment management and social commerce, and began his career at McKinsey & Company.
Nithin is a Fellow member of the Institute of Chartered Accountants of India and holds an MBA from IIM Calcutta. Outside of work, he is a marathon runner, a competitive squash player, and a drummer, three pursuits he insists are the same discipline at different tempos

Ibrahim Faruqi
Vice President
Ibrahim Faruqi is a vice president based in Bessemer’s Bangalore office. Ibrahim focuses on enterprise cloud software, internet marketplaces, fintech, and health tech.
He earned his MBA from London Business School and holds a BA and MS in engineering from IIT Kanpur. Prior to joining Bessemer, Ibrahim was a consultant at Boston Consulting Group where he was leading digital transformation projects in the TMT and IG verticals of the firm. Previously, he was on Bessemer’s investment team in Europe. In addition, he’s worked at Orios Venture Partners, leading numerous early-stage investments across consumer internet, retail, gaming, and alternate commerce sectors. His foundational experiences were shaped by his work at startups like Tracxn and Snapdeal.
Ibrahim is a passionate sport enthusiast, deeply engaged with Formula 1 and football. He also enjoys reading and playing badminton and cricket.



