Last Updated: March 13, 2023, 19:18 IST
The transaction additionally gives an exit to InvAscent, which invested in the corporate in 2014.
With its third funding in the only speciality healthcare phase, Kedaara goals to gasoline Oliva’s progress in the direction of turning into a number one medico-aesthetic dermatology chain
Oliva Skin & Hair Clinic, which is a medico-aesthetic dermatology providers participant, has mentioned it has offered majority stake to Kedaara Capital for a consideration of USD 65 million (round Rs 530 crore). With its third funding in the only speciality healthcare phase, Kedaara goals to gasoline Oliva’s progress in the direction of turning into a number one medico-aesthetic dermatology chain, an announcement mentioned.
The transaction additionally gives an exit to InvAscent, which invested in the corporate in 2014, it mentioned, with out disclosing the main points such how a lot was invested and for what stake. Nor the corporate disclosed what’s the stake that Kedaara has picked up.
Founded by Prashant Soma in 2009, Oliva has been supported by a number of rounds of funding from InvAscent-advised India Life Sciences Fund II. Oliva grew from a four-centre Hyderabad-based operation to a community of 23 centres throughout Bengaluru, Chennai, Pune, Kolkata, Kochi and Vizag now and presents a spread of pores and skin and hair therapies and merchandise.
Kedaara is a personal fairness agency pursuing management and minority funding alternatives and advises/manages over USD 3.6 billion by way of investments in a number of companies throughout shopper, monetary providers, pharma/healthcare, know-how/ enterprise providers and industrials.
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