Dr Agarwal’s Health Care raises over 1,000 cr

Recently, Dr Agarwal’s Health Care Ltd. (DAHCL) informed that it in its latest fundraising round has raised around Rs 1,050 crore from TPG Growth, and from existing investor Temasek. The company in a statement stated that this fundraiser is India’s largest fundraising round in the eye care space.

The company further said that it intends to utilize this capital for its expansion and pave the way for an exit for the existing investor, ADV Partners. Previously, in the year 2019, the Chennai-based company raised Rs 270 crores investment from Temase. Prof. (Dr.) Amar Agarwal, Chairman, Dr. Agarwal’s Group of Eye Hospitals, said, “The new investments will be used to expand our Indian and international footprint and deploy latest technologies for super-specialty eyecare.”

Dr. Agarwal’s Group of Eye Hospitals aims to utilize the funds to increase the current network of 105 hospitals to over 200 hospitals in the next 3-4 years.  Dr. Adil Agarwal, CEO, Dr. Agarwal’s Group of Eye Hospitals, said, “The new investments will enable us to double our network in the next 3 years and we will be pursuing acquisitions in key markets such as Maharashtra, Gujarat, Punjab, Karnataka, AP, Telangana, etc. as well as a rapid greenfield expansion of our network across the country. Africa is another important geography for us where we have an existing network presence of 15 hospitals. We will be deepening our presence in countries such as Kenya, Mozambique, Tanzania, and Ghana.”