Global Dental Services raises Rs 545-crore in fresh funding

International Dental Providers (GDS), Asia’s largest dental chain, has acquired ₹545 crore in recent funding, led by Bahrain-based various funding agency Investcorp. Development investor Tybourne Capital, in addition to new and current shareholders, additionally participated within the capital elevating spherical for a major minority stake in GDS, which is among the many prime 15 world dental companies organisations.

The funding is predicted to fund GDS’ enlargement to 1,000 clinics within the subsequent 5 years. Based in 2011 by Amarinder Singh, the GDS group owns and operates 340 clinics throughout 24 cities beneath the model, Clove Dental.

The Indian dental companies market, which is price $3 billion, is extremely fragmented with massive hospitals and dental chains accounting for beneath 10% of all practices, mentioned Gaurav Sharma, head of personal fairness, India at Investcorp. That is anticipated to double to $6 billion within the subsequent 5 years, he added.

Clove Dental is its fourth healthcare deal in dental care within the nation, Sharma added.

“Indians want oral healthcare infrastructure, and our mission is to offer each citizen entry to high-quality inexpensive dental care,” mentioned Amar Singh, CEO of International Dental Providers. “This partnership will empower us to organize to realize our enlargement targets, and the community of our new companions will allow us to considerably speed up our progress.” Within the Indian healthcare area, Investcorp has invested in V-Guarantee Pharma Applied sciences, NephroPlus (dialysis chain), and ASG Eye Hospitals.

It lately offered its total stake in ASG to PE companies Basic Atlantic and Kedaara Capital. Investcorp has additionally invested in bewakoof.com, FreshtoHome, Zolo, InCred, Citykart, Unilog, XpressBees, and Safari Industries.