Dr Agarwals Eye Hospital is reportedly planning to raise Rs 160 crore to accelerate its expansion plans and achieve the target of growing to 150 hospitals, Rs 1400 crore turnover and increased global presence by 2020.
This fund raising is in addition to the Rs 270 crore it raised in January from ADV Capital. The company is planning to enter into Dubai markets, expand in Africa and get into 4 states of India i.e. Maharastra, Gujarat, Kerala and West Bengal.
In June, the group will have 75 hospitals (72 with the opening of one in Hyderabad on Thursday), of which 61 will be in 8 States and 14 in 9 African countries.
