Dr.Agarwal's Eye Hospitals intends to double its network to 200 hospitals; Gets 1000 cr funding
Dr. Agarwal’s Health Care Ltd. raises over 1,000 Crore funding from TPG Growth and Temasek The investment round is India’s largest fund raise in eyecare space Company intends to double the current network of 105 hospitals to over 200 hospitals in the next 3-4 years CHENNAI / May 10, 2022: Chennai-based Dr. Agarwal’s Health Care Ltd. (DAHCL) has closed a landmark fund raise of ₹1,050 crore from TPG Growth , the middle market and growth equity platform of alternative asset firm Texas Pacific Group which is one of the leading investment firms based out of the US, and from existing investor Temasek, a global investment company headquartered in Singapore. The investment round, which is India’s largest fund raise in the eyecare space, will also provide significant capital to fuel the company’s expansion plans and pave the way for an exit for existing investor, ADV Partners. The company also raised ₹270 crores investment from Temasek in 2019. Said Prof...