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Kedaara Capital invests $50 million in IVF chain Oasis Fertility

Oasis Fertility announced an investment from Indian private equity firm Kedaara Capital for a sizable minority ownership in the business. This is Kedaara’s second investment in the healthcare industry’s single speciality.

With this $50 million deal and a promise to invest more money in smart acquisitions, Kedaara hopes to assist Oasis achieve its goal of dominating the fertility industry in India and surrounding markets. Additionally, InvAscent, which made an investment in the business in 2016, will be able to leave the transaction.

Oasis Fertility’s co-founder and managing director, Kiran Gadela, expressed her excitement about utilising Kedaara’s knowledge of the industry and the Indian market. We welcome this relationship as we set out to explore alluring synergistic acquisitions and build a premier fertility platform in South Asia in order to advance our primary goal of assisting couples in becoming parents.

Since its founding in 2009, Oasis claims to have expanded to a network of 26 clinics spread across 16 locations and to have seen a three-fold increase in revenue. Oasis School for Human Embryology and Reproductive Medicine (OSHERM), a recognised internal training academy established by the business, has educated more than 200 medical professionals and produced more than 60 research articles.

Nishant Sharma, CIO & Managing Partner of Kedaara Capital, said, “Oasis has established a scalable, reproducible strategy and espouses a distinct culture with clinical excellence and ethics at its core.” AndroLife, an innovative andrology (male infertility) practise, was recently introduced by Oasis. Oasis Fertility’s legal counsel was Samvad Partners, and O3 Capital served as the transaction’s only financial advisor. InvAscent’s legal assistance was provided by Quillon Partners, and Kedaara Capital’s legal counsel was provided by Veritas Legal.

Oasis Fertility seems to be a fascinating startup with a motivating turn of events on Hospitals and Health Care platform. I’m sure this startup would continue to prosper in its journey ahead. My best wishes to the entire team. This will give them a huge accomplishment in the future.

Shishir Gupta, Founder and CEO, StartupLanes

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