Clove Dental raises ₹400 crore from ADIA

The details

• Clove Dental has raised ₹400 crore in a growth funding round.
• The investment was led by ADIA, the sovereign wealth fund of Abu Dhabi.
• This is one of the largest fundraises in the Indian dental care sector.
• The company will use the funds to expand its clinic network across India.
• It also plans to invest in technology to improve patient experience.
• The round is expected to close in the coming weeks.

The bigger picture

• The Indian dental care market is growing rapidly due to rising awareness and disposable income.
• Clove Dental is the largest dental chain in India by number of clinics.
• The funding from a sovereign wealth fund signals strong institutional confidence in the sector.

About the business

• Clove Dental operates a chain of dental clinics across multiple Indian cities.
• It offers a range of services including general dentistry, orthodontics, and cosmetic dentistry.
• The company uses a hub-and-spoke model with centralised labs for efficiency.
• It has treated over 1 million patients since inception.
• Revenue comes from consultation fees, treatments, and dental products.

What happens next

• Expand clinic network to 50 new locations over the next two years.
• Invest in digital platforms for online booking and tele-dentistry.
• Hire 500 additional staff including dentists and support personnel.

The deal

Type

funding

Investors

• ADIA (lead) — Abu Dhabi Investment Authority, the sovereign wealth fund of Abu Dhabi.

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