Kedaara Capital invests $50M in healthcare firm Oasis Fertility

Hyderabad-based healthcare firm Oasis Fertility, one of India’s most clinically advanced fertility chains, has raised $50 million in funding from Kedaara Capital for a significant minority stake in the company.

According to the company's statement, the investment will give an exit to InvAscent, which invested in the company in 2016.

This is Kedaara’s second investment in the single specialty healthcare segment. With this investment transaction and a commitment to deploy further capital for strategic acquisitions, Kedaara aims to support and fuel Oasis’ growth towards realizing its vision of becoming the most respected and leading fertility chain in India and adjacent markets. 

Founded in 2009 by Durga G. Rao and Kiran Gadela, Oasis is one of the most scaled-up IVF chains in India. The firm has scaled to a network of 26 clinics across 16 cities while doubling its revenues in the last three years.

The healthcare firm also runs an accredited in-house training academy, Oasis School for Human Embryology and Reproductive Medicine (OSHERM), which has trained over 200 medical professionals and published over 60 research papers.

It recently launched its first-of-its-kind andrology (male infertility) practice called AndroLife.

"We are delighted about leveraging Kedaara’s understanding of the sector and the Indian market. We look forward to this partnership as we embark on a journey to pursue attractive synergistic acquisitions and create a leading fertility platform in India and South Asia to further our core purpose of helping couples achieve parenthood,” said Kiran Gadela, cofounder of Oasis Fertility.

“Oasis has created a scalable, replicable model and espouses a unique culture with clinical excellence and ethics at its core. Moreover, its highly experienced and well-trained clinical team has become a hallmark of excellence in the medical fraternity," said Nishant Sharma, CIO & managing partner of Kedaara Capital.

"Kedaara, with its operational expertise, experience in healthcare and availability of additional capital, will support Oasis in the next step of its growth journey and in realising its vision of becoming the leading fertility chain in the country and adjacent geographies," Nishant said.

Kedaara Capital was founded by Manish Kejriwal, former India head of Singapore state investment fund Temasek, and Sunish Sharma and Nishant Sharma—who were managing directors and principal, respectively, at global private equity firm General Atlantic in India. 

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