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Clove Dental raises Rs. 500 Cr led by Qatar Investment Authority (QIA)

IndianStartupNews

IndianStartupNews · 1y ago

Clove Dental raises Rs. 500 Cr led by Qatar Investment Authority (QIA)

Global Dental Services, the parent company of Clove Dental, has secured $50 million in equity investment from the Qatar Investment Authority (QIA). With a focus on providing affordable dental care, Clove Dental operates 422 clinics across India and plans to use the funding to expand its clinic network, enhance services, and develop oral care products. QIA expressed confidence in India's healthcare and retail markets and commended Clove Dental's commitment to quality and innovation. The Indian oral hygiene market is poised for significant growth, projected to reach $2,586.3 million by 2028.

Related News

DentalKart raises Rs 85 Cr co-led by Malabar Investment & Whiteoak

Entrackr

Entrackr · 8m ago

DentalKart raises Rs 85 Cr co-led by Malabar Investment & Whiteoak

Dental essential focused marketplace Dentalkart has raised Rs 85 crore in its recent funding round co-led by Malabar Investment and Whiteoak. Malabar Investment has made an investment of Rs 65 crore and Rs 20 crore has been invested by Whiteoak. The fresh funds will be allocated towards operational scalability and add more subsidiaries, DentalKart said in a press release. DentalKart offers orthodontics, endodontics, restorative, prosthodontics, disposables, electronics, instruments, and oral surgery services. According to the Delhi based company, it aims to create the most dependable and user-friendly e-commerce platform in India, delivering exceptional experiences for both buyers and sellers. DentalKart claims that it offers a vast range of over 22,000 products across 700 categories sourced directly from more than 500 manufacturers. The company competes with a clutch of dental care chains such as Clove Dental, Smilkes.ai. Smile.ai raised one of the largest rounds in the space. Alpha Wave and Sequoia Capital invested $23 million in Smiles.ai in January 2022.

Qatar Investment Authority coming as key backer in India housing finance PE buyout

VCCircle

VCCircle · 1y ago

Qatar Investment Authority coming as key backer in India housing finance PE buyout

The Qatar Investment Authority (QIA) is set to support Warburg Pincus, a prominent private equity firm, in their acquisition of an Indian housing finance company. Known for its investments in various sectors such as technology, renewable energy, retail, and healthcare in India, QIA will play a significant role in this buyout.

Qatar Investment Authority expands into Australia, Korea and Southeast Asia

VCCircle

VCCircle · 10m ago

Qatar Investment Authority expands into Australia, Korea and Southeast Asia

The Qatar Investment Authority (QIA), a sovereign wealth fund, is expanding its investments into Australia, Korea, and Southeast Asia. The QIA also sees potential investment opportunities in Japan's conglomerates and take-private deals, as well as in the technology sector in India. With $526 billion worth of total assets, the QIA is one of the world's largest investors. The expansion into Asian markets follows QIA's efforts to diversify its investments beyond European and U.S. markets.

QIA to invest $1B in international and regional venture capital funds

TechCrunch · 1y ago

QIA to invest $1B in international and regional venture capital funds

Qatar Investment Authority (QIA), the sovereign wealth fund, is launching a $1 billion venture capital fund of funds for international and regional venture capital funds. The initiative aims to attract VC funds and startups to Qatar and the wider Gulf Cooperation Council region, with a focus on fintech, edtech, and healthcare sectors. QIA plans to invest indirectly through other VC funds and make co-investments with participating funds. The fund aims to bridge the gap with neighboring countries like Saudi Arabia and the UAE and strengthen the startup ecosystem in Qatar.

QIA to invest over $1 bn in VC funds

VCCircle

VCCircle · 1y ago

QIA to invest over $1 bn in VC funds

Qatar Investment Authority (QIA), Qatar's sovereign wealth fund, has announced plans to invest over $1 billion in venture capital funds as part of its strategy to develop the start-up and venture capital sector in Qatar and neighboring countries. The fund, named the "Fund of Funds," aims to attract international venture capital firms and entrepreneurs to Qatar and the Gulf Arab states while also generating market-level commercial returns for QIA. This move highlights QIA's focus on technology investments and its commitment to supporting innovative businesses in the region.

Qatar Investment Authority makes first bet from $1-bn VC fund of funds

VCCircle

VCCircle · 6m ago

Qatar Investment Authority makes first bet from $1-bn VC fund of funds

Qatar Investment Authority (QIA), a sovereign wealth fund, has made its initial investment from its $1 billion VC fund of funds. The investment is in a local venture capital firm that focuses on growth-stage tech startups in the region. This marks a significant step for QIA, headquartered in Doha, as it launched this VC fund of funds last year to support the burgeoning tech sector in the area.

Now, Qatar wealth fund goes after Byju Raveendran's personal assets

Livemint

Livemint · 1y ago

Now, Qatar wealth fund goes after Byju Raveendran's personal assets

Qatar Investment Authority (QIA) has asked an Indian court to compel Byju Raveendran, the founder of edtech company Byju's, to disclose his personal assets and prevent him from selling or transferring them. QIA, a major investor in India, is seeking to claim Raveendran's assets worth $235.19 million. This action by QIA is an unusual move by an investor, and it comes amid a series of challenges faced by Byju's from investors and debtors. Raveendran's personal assets include a minority stake in Aakash Education Services. The status of personal guarantees offered by Raveendran is unclear.

Qatar Investment Authority to invest ₹8,278 crore in Reliance Retail Ventures

Livemint

Livemint · 1y ago

Qatar Investment Authority to invest ₹8,278 crore in Reliance Retail Ventures

Qatar Investment Authority (QIA) will invest ₹8,278 crore in Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited. This translates to a 0.99% minority equity stake in RRVL, valuing it at ₹8.278 lakh crore. The investment underscores QIA's confidence in the Indian economy and Reliance's retail strategy.

Ambani's Reliance Retail in talks to raise $2.5B by this month's end

IndianStartupNews

IndianStartupNews · 1y ago

Ambani's Reliance Retail in talks to raise $2.5B by this month's end

Reliance Retail, owned by Reliance Industries, is reportedly in discussions with global investors to secure an additional $2.5 billion (INR 20,680 crore) in funding by September 2023. This funding is part of a $3.5 billion target fund, with the first $1 billion already secured from Qatar Investment Authority (QIA). Reliance Retail, valued at $100 billion, is said to be considering opportunities for expansion and growth. The move follows the recent announcement of Reliance Industries' plans to sell an 8-10% stake in Reliance Retail Ventures Limited.

Qatar's emir appoints Mohammed Al Sowaidi as new CEO of wealth fund QIA

VCCircle

VCCircle · 9m ago

Qatar's emir appoints Mohammed Al Sowaidi as new CEO of wealth fund QIA

Mohammed Al Sowaidi has been appointed as the new CEO of Qatar Investment Authority (QIA) by Qatar's emir. Al Sowaidi previously served as the chief of investments in the Americas for the sovereign wealth fund. He replaces Mansour Ibrahim al-Mahmoud, who has been appointed as Qatar's new minister of health. As part of a cabinet shuffle, Sheikh Faisal bin Thani bin Faisal Al Thani has also been appointed as the country's new minister of commerce and industry. Lolwah bint Rashid Al-Khater has been appointed as the new education minister.

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