$80M Investment Boosts Dr. Agarwal’s Health Care Expansion
Written by Susi, Arushi Sharma
Dr. Agarwal's Health Care is poised for substantial growth with a remarkable infusion of $80 million in investment. This substantial funding is set to catalyze the expansion of their healthcare services,
TPG Growth and Temasek invested $80 million in Dr. Agarwal's Health Care Ltd (DAHCL). This funding will allow them to expand from 150 to over 300 locations in three years, with new initiatives in Mumbai, Punjab, and other regions of India.
They are a major player in states like as Tamil Nadu, Karnataka, Maharashtra, and others. They are also concentrating on the use of technology in eye therapy. Last year, they received a large sum of money from the same investors.
Dr. Amar Agarwal, the chairman, wants to use new tech to improve healthcare worldwide. The investment will help them offer advanced eye care services in India and other countries.
Ankur Thadani from TPG Growth believes the company can become a global leader in eye care. Dr. Adil Agarwal, the CEO, wants to double their network by buying smaller hospitals and expanding to places like Maharashtra and Punjab.
They also want to grow in Africa, like Kenya, Zambia, and Tanzania, and have over 100 eye clinics in smaller towns. Veda Corporate Advisors helped with this deal.