Sadguru Healthcare Services Pvt. Ltd

Sadguru Healthcare Services Pvt. Ltd

Sadguru Healthcare Services Pvt. Ltd

August 2022

Announced Date: August 2022

Value: USD 50 million

o3 Capital is the exclusive financial advisor to Sadguru Healthcare Services Pvt. Ltd. (“Oasis Fertility / Oasis”) on its fund raise from Kedaara Capital

Oasis Fertility, a leading chain of IVF centres in India, has received USD 50 million investment from Kedaara Capital, a leading India-focused private equity fund, for a significant minority stake. The new partnership will help Oasis’ organic expansion coupled with strategic acquisitions in India and adjacent overseas markets. This will strengthen its mission of creating a formidable fertility services platform backed by tech capabilities and credentials in clinical excellence.

Founded by Kiran Gadela and Dr. Durga Rao in 2009, Oasis Fertility provides IVF services and a wide range of advanced fertility treatments through its network of 26 full-fledged centers across 16 cities in 8 states. Headquartered in Hyderabad, the company is well-entrenched across the states of AP & Telangana and is rapidly expanding into other prominent cities of West, South and East India. Oasis, over the past 12 years, has leveraged the latest technologies along with proven, evidence based international medical practices and has emerged as a front runner in delivering advanced fertility treatments like In-vitro Maturation (IVM), PGT-A and PGT-1 apart from IVF.

The deal also provides an exit to InvAscent’s India Life Sciences Fund II, which invested in Oasis in 2016.

“Kedaara’s investment in Oasis is a significant milestone in our growth journey, and further cements our position as one of the most trusted providers of fertility treatments in India. This investment is a testimony and a validation of the strong platform & team at Oasis Fertility.” Kiran Gadela, Managing Director and Co-Founder of Oasis Fertility, said. “We are excited about the prospects of leveraging Kedaara’s experience, their in-depth understanding of the sector and Indian market in supporting & scaling marquee healthcare assets. We now embark on our growth plan with greater rigour, and further our core purpose of helping couples achieve parenthood.” he added.

“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. “We are excited to partner with Kiran Gadela, Dr. Durga Rao and the Oasis team in the journey to bring high quality, pioneering approach towards fertility treatment to people across India and adjacent markets. Kedaara 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.”, he added.

“We partnered with Dr. Durga & Kiran in 2016 when Oasis was largely a Hyderabad focused fertility chain. Since then, Oasis has come a long way and navigated the challenges of scaling up. Along its journey, Oasis has gifted the joy of parenthood to thousands of couples. We wish them the absolute best in their journey to scale Oasis across the country.”, said Vishy Chebrol, Co-Founder, CIO and Managing Director, InvAscent.

On the transaction, Mohit Khullar, Managing Director at o3 Capital said, “Oasis, through its commitment to provide high quality care and through adoption of best global practices, has established a reputation in managing complex infertility cases. Kedaara Capital’s operational expertise along with its focus towards healthcare, complements Oasis’ vision of becoming the leading and most respected fertility chain in India, while consistently offering clinical quality par excellence.”