• Investcorp announced that it has led an investment of INR 545 Cores in the dental chain Clove Dental, operated by Global Dental Services Ltd, which is Asia’s largest dental chain and among the top 15 global Dental Services Organizations.
  • Tybourne Capital and other new and existing shareholders are also investing alongside Investcorp in this round in Clove Dental.

About Investcorp:

  • Established in 1982, Investcorp is a private equity fund, acting as a bridge between the Gulf and the rest of the world.
  • As of June, 2022, Investcorp’s assets under management are US $42.7bn that are diversified across three continents, six asset classes and numerous product lines.
  • Its investments over the last four years include VEnsure, NDR Warehousing, Intergrow Brands,, Freshtohome, Zolo, InCred, Citykart, NephroPlus, Unilog, XpressBees, and Safari Industries.

 About Clove Dental:

  • Established in 2011, Clove Dental (a brand name of Star Dental Centre Private Limited) is the largest network of dental clinics in India.
  • The dental chain group operates 340 clinics across 24 cities and 12 states in India. It currently has a team of 841 dentists. It manages an excess of 1 million + patients every month. In addition, they have conducted about 15 lakh treatments in the last ten years.
  • It also offers aligners and smile correction services through its brand LoveMySmile. The D2C brand provides dentist-led hybrid solutions at home and in-clinic.


  • The dental chain Clove Dental plans to use the funds to fuel expansion plans, primarily spreading its commercial footprint as well as grow its hybrid model and products for smile correction.
  • Investcorp said that the Indian dental services market is worth $3 billion and highly fragmented where large hospitals and dental chains accounting for under 10% of all practices. Investing in a single specialty segment, within healthcare, aligns well with Investcorp’s thesis of backing scaled and differentiated assets.
  • PE fund believes that with better hygiene and growing awareness about healthcare, patients are increasingly going to rely on organized chains for professional medical services.
  • This is Investcorp’s fourth healthcare investment in India.It earlier concluded three healthcare deals in India: V-Ensure Pharma Technologies, Neprhoplus (a dialysis chain), and ASG Eye Hospitals, where Investcorp recently sold its entire stake to General Atlantic and Kedaara.
  • Globally, Investcorp has invested in Acura, Germany’s second largest dental platform.




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