DT News - ASEAN - Investcorp invested $6.7 million in India’s Global Dental Services Limited (GDS)

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Investcorp invested $6.7 million in India’s Global Dental Services Limited (GDS)

Amarinder Singh, CEO of Global Dental Services Limited (Image: Clove Dental)

Tue. 13. December 2022


The largest dental chain in Asia received a $6.7 million (5.45 billion Indian rupees) investment from Investcorp, a well-known global alternative investment company.

The Global Dental Services Limited (GDS) business owns and manages 340 clinics in 24 cities and 12 states throughout India under the brand name ‘Clove Dental.’

This is Investcorp's fourth investment in the Indian healthcare sector and its first in the nation's dental sector.

Along with other new and existing shareholders, Tybourne Capital, a global growth investor focused in Asia, made a joint investment.

Since its establishment in 2011, each Clove dental clinic has offered a full range of dental services. Each group, which consists of 15 to 30 clinics, contains specialized Implantologists, Orthodontists, Prosthodontists, Endodontists, Periodontists, Oral Surgeons, Pedodontists, and General Dentists to guarantee that every patient receives care from the most experienced dentist possible. Also with computer vision and AI-based software technologies, every clinic is completely sterile and clean, making sure SOPs are followed at all times.

This investment will support GDS's expansion plan that seeks to strengthen its market share while continuing to provide top-notch dental services in current and neighboring areas, as well as expand its hybrid model and smile-correction products.

Amar Singh, CEO of Global Dental Services Limited, has expressed his eagerness to work with Investcorp and Tybourne. This alliance will enable the GDS group to get ready for its expansion plans, upgrading clinics with the newest technology, and providing high-quality, reputable dentistry to many more Indian communities.

According to Gaurav Sharma, Head of Private Equity, India at Investcorp, the market for dental services in India is currently worth $3 billion and this number is expected to double in the next five years. Patients are depending more on organized chains for specialized medical services due to improved hygiene and rising healthcare knowledge.

This venture demonstrates Investcorp's dedication to funding market-leading healthcare, information technology, and business services companies in India to expedite their international growth and competitive standing. Investcorp now makes active investments in mid-market companies in several sectors with high consumer demand, including the real estate sector in India.

Investcorp launched its activities in India in 2019.  Following the completion of three healthcare deals in India with V-Ensure Pharma Technologies, Neprhoplus (a chain of dialysis centers), and ASG Eye Hospitals, Investcorp recently sold its whole investment to General Atlantic and Kedaara. Globally, Investcorp has funded Acura, the second-largest dental platform in Germany.

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