{"id":21797,"date":"2022-05-10T15:48:08","date_gmt":"2022-05-10T15:48:08","guid":{"rendered":"http:\/\/faceinews.com\/?p=21797"},"modified":"2022-05-10T15:53:46","modified_gmt":"2022-05-10T15:53:46","slug":"dr-agarwals-health-care-ltd-raises-over-1000-crore-funding-from-tpg-growth-and-temasek","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=21797","title":{"rendered":"Dr. Agarwal\u2019s Health Care Ltd. raises over 1,000 Crore funding from TPG Growth and Temasek"},"content":{"rendered":"<p><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2022\/05\/IMG-20220510-WA0660.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-21798\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2022\/05\/IMG-20220510-WA0660.jpg\" alt=\"\" width=\"1600\" height=\"1066\" srcset=\"https:\/\/www.faceinews.com\/wp-content\/uploads\/2022\/05\/IMG-20220510-WA0660.jpg 1600w, https:\/\/www.faceinews.com\/wp-content\/uploads\/2022\/05\/IMG-20220510-WA0660-300x200.jpg 300w, https:\/\/www.faceinews.com\/wp-content\/uploads\/2022\/05\/IMG-20220510-WA0660-1024x682.jpg 1024w, https:\/\/www.faceinews.com\/wp-content\/uploads\/2022\/05\/IMG-20220510-WA0660-768x512.jpg 768w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7654\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" alt=\"\" width=\"173\" height=\"43\" \/><\/a><\/p>\n<p>Dr. Agarwal\u2019s Health Care Ltd. raises over 1,000 Crore funding from TPG Growth and Temasek<\/p>\n<p>Video Link :-<\/p>\n<p><iframe loading=\"lazy\" title=\"Dr. Agarwal\u2019s Health Care Ltd. raises over 1,000 Crore funding from TPG Growth and Temasek\" width=\"598\" height=\"336\" src=\"https:\/\/www.youtube.com\/embed\/qJ4jOihMT_0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>CHENNAI \/ May 10, 2022: Chennai-based Dr. Agarwal\u2019s Health Care Ltd. (DAHCL) has closed a landmark fund raise of \u20b91,050 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\u2019s largest fund raise in the eyecare space, will also provide significant capital to fuel the company\u2019s expansion plans and pave the way for an exit for existing investor, ADV Partners. The company also raised \u20b9270 crores investment from Temasek in 2019.<\/p>\n<p>&nbsp;<\/p>\n<p>Said Prof. (Dr.) Amar Agarwal, Chairman, Dr. Agarwal\u2019s Group of Eye Hospitals: \u201cWe have had a great journey with our investor, ADV Partners, over the past 6 years. We are very excited to partner with TPG Growth and Temasek and look forward to the next phase of growth of our company. Backing from such world-renowned marquee investors further strengthens our ideology of providing quality eyecare to the people and bringing advanced technology to far-reaching corners of the country. The new investments will be used to expand our Indian and international footprint and deploy latest technologies for super-specialty eyecare.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Dr. Agarwal\u2019s Group of Eye Hospitals has been on a growth spree across the country, with more than 60 units added to its network in the past five years alone. It plans to deploy capital to expand the current network of 105 hospitals to over 200 hospitals in the next 3-4 years. The company notched a revenue of over \u20b9700 crores in FY22.<\/p>\n<p>&nbsp;<\/p>\n<p>Said Ankur Thadani, MD of TPG Growth: \u201cWe are delighted to be working with Dr. Agarwal\u2019s Group of Eye Hospitals exceptional and experienced management team to drive the company\u2019s growth, expansion, and service enhancements.. The healthcare sector in India is a core focus for TPG, and we are proud to be partnering with the number one private eyecare chain in the country to continue delivering critical eyecare to a market that has a disproportionately high incidence of visual impairment.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Said Suresh Prabhala, Co-Founder and Managing Partner, ADV Partners: \u201cWe have had a great partnership with Dr. Agarwal\u2019s Group of Eye Hospitals over the past six years. We feel the Group is well poised to take advantage of the tremendous growth potential in the future and we wish the management and the Group continued success.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Added Dr. Adil Agarwal, CEO, Dr. Agarwal\u2019s Group of Eye Hospitals: \u201cWe have had a tremendous journey together with ADV Partners and are grateful for their firm belief in our vision. We are very excited to partner with Temasek once again and are looking forward to a new journey with the TPG Growth team. Both these groups bring significant experience in healthcare, and we are excited to lean on their expertise to help scale our firm. 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.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Veda Corporate Advisors and Avendus Capital were the Financial Advisors to the company for this transaction.<\/p>\n<p>&nbsp;<\/p>\n<p>Dr. Agarwal\u2019s Eye Hospitals now has a total network presence of 105 hospitals spread across India and Africa. The Group\u2019s presence spans across 11 countries and over 12 states in India. Its facilities are staffed by a team of over 400 ophthalmologists and 3,000 employees. They have treated over 12 million patients so far and offer not only quality eyecare but also academic and research programs in ophthalmology and related fields.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dr. Agarwal\u2019s Health Care Ltd. raises over 1,000 Crore funding from TPG Growth and Temasek Video Link :- CHENNAI \/ May 10, 2022: Chennai-based Dr. Agarwal\u2019s Health Care Ltd. (DAHCL) has closed a landmark fund raise of \u20b91,050 crore from TPG Growth, the middle market and growth equity platform of alternative asset firm Texas Pacific [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":21798,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-21797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/21797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21797"}],"version-history":[{"count":3,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/21797\/revisions"}],"predecessor-version":[{"id":21801,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/21797\/revisions\/21801"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/21798"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}