Eye Hospitals chain Dr Agarwal’s Health Care (DAHCL) has raised Rs 650 crore from present buyers TPG Growth (the center market and progress fairness platform of main international various asset administration agency, TPG) and Temasek, (a worldwide funding firm headquartered in Singapore).  

The fundraiser will present important capital to gas the corporate’s enlargement plans.

The new fund might be used to deploy capital to increase the present community of 150+ centres to over 300+ centres within the subsequent 3 years.

The firm has new tasks in growth in Mumbai, Punjab, central and northern India, amongst others. The firm continues to realize progress and success in its key markets together with Tamil Nadu, Karnataka, Maharashtra, Gujarat, Punjab, Telangana, Andhra Pradesh, Kerala, and West Bengal.

Along with the enlargement of the community, the corporate may also be investing in technological developments for imaginative and prescient correction akin to SMILE, Laser Cataract Surgery and for superior applied sciences to deal with Vitreo-retinal ailments akin to Diabetic Retinopathy and Age-related macular degeneration.

Prof. (Dr) Amar Agarwal, Chairman, Dr Agarwal’s Group of Eye Hospitals stated, “Backing from investors such as TPG and Temasek, further affirms our faith in staying true to our vision of being a truly global healthcare organization which imbibes the best practices from different sectors while relying on continuous innovation and cutting-edge technology to serve our patients. The new investments will be used to expand our Indian and International footprint, along with acquiring the latest technologies for super-speciality eye care.”

Dr Adil Agarwal, CEO, Dr Agarwal’s Group of Eye Hospitals added, “The investment will be used to support the business through its next phase of growth, including the acquisition of small hospitals and chains as well as greenfield expansion of our network. We are looking at doubling our network in the next three years and are also looking to expand aggressively in Maharashtra, Punjab, Delhi, Uttar Pradesh, and central India besides penetrating deeper into our existing markets. We will also be establishing over 100 primary eye clinics in tier II and tier III towns in the next couple of years. Africa is another important geography for us. We have an existing network presence of 15 hospitals, and we will be deepening our presence in Kenya, Zambia, and Tanzania and look to add 10 centres across these countries.”

Veda Corporate Advisors was the monetary advisor to Dr Agarwal’s Health Care on this transaction.