Global Dental Services raises $50 million investment from QIA
Global Dental Services, the company behind the widespread chain of oral care clinics known as Clove Dental, has secured a strategic equity investment worth $50 million from Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar. In the preceding year, it had garnered $66 million in growth funding with Investcorp as the leading investor. The cumulative investment of $116 million (equivalent to Rs 963 Crore) is earmarked for an accelerated expansion of Clove Dental's clinical network, the amplification of smile-enhancing solutions, and the creation of a diversified range of therapeutic oral care products.
“This investment will support our expansion strategies in both current and new tier I & II cities throughout India, ensuring broader access for more Indians to dependable, high-quality, and cost-effective dental care”, Amarinder Singh, Founder and CEO of Global Dental, remarked. Global Dental Services is a technology-driven platform providing a spectrum of oral health, dental aesthetics, and home care solutions.
It operates 'Clove Dental', recognized as India's largest network of company-owned and managed dental clinics. GDS recently introduced a novel dental aesthetics brand, 'Whistle', specializing in personalized smile-enhancement solutions. Additionally, the company manages a separate direct-to-consumer (D2C) enterprise, offering therapeutic toothpaste and everyday oral care products under the Clove brand. Furthermore, GDS oversees various business-to-business (B2B) ventures, including Yarrow Dental Laboratory and xMedco.
“This investment will support our expansion strategies in both current and new tier I & II cities throughout India, ensuring broader access for more Indians to dependable, high-quality, and cost-effective dental care”, Amarinder Singh, Founder and CEO of Global Dental, remarked. Global Dental Services is a technology-driven platform providing a spectrum of oral health, dental aesthetics, and home care solutions.
It operates 'Clove Dental', recognized as India's largest network of company-owned and managed dental clinics. GDS recently introduced a novel dental aesthetics brand, 'Whistle', specializing in personalized smile-enhancement solutions. Additionally, the company manages a separate direct-to-consumer (D2C) enterprise, offering therapeutic toothpaste and everyday oral care products under the Clove brand. Furthermore, GDS oversees various business-to-business (B2B) ventures, including Yarrow Dental Laboratory and xMedco.