Avendus Capital Advises Oliva Skin & Hair Clinic on Its Majority Stake Sale to Kedaara Capital

Globally, aesthetic dermatology treatments have seen a steady rise in demand with increasing disposable incomes, rise in prominence of noninvasive technology for treatments, and acceptance of aesthetic dermatology treatments across demographics. India has seen a similar increase in demand driven by rising disposable incomes leading to improved affordability and rising use of social media, accentuating the ‘necessity to look good’. Further, structurally, organized chains are expected to gain share from standalone clinics and there is an opportunity for players such as Oliva, which have the right mix of medical and aesthetic treatments to consolidate the fragmented market through accretive tuck-in acquisitions. We thank the InvAscent team for its valuable guidance and support, which helped us emerge as a leading player in this space.

Oliva has created a scalable, replicable model with a strong focus on delivering superior outcomes especially for complex treatments requiring clinical intervention. Moreover, its highly experienced and well-trained clinical team has become a hallmark of excellence in the medical fraternity. We are excited to take Oliva forward in the journey to bring high quality, safe and effective advanced skin and hair treatments accessible to all.

Kedaara, with its operational expertise and experience in healthcare, will support Oliva in the next step of its growth journey and in realising its vision of becoming the most trusted brand for world-class medico-aesthetic dermatology services in India. We also look forward to partnering with like-minded and culturally aligned dermatologists to form a scaled dermatology business with patient centricity and clinical excellence as its bed rock.

We partnered with Dr. Prashant when Oliva was largely a Hyderabad focused chain. Since then, Oliva has successfully navigated the challenges of scaling. Through this journey, Oliva has provided high quality derma services to numerous clients. We wish Dr. Prashant and team the very best in their journey to scale Oliva across the country. In Kedaara, Oliva has chosen the right partner to support its growth.

It has been a privilege working with Dr. Prashant and the Oliva team who have built one of the fastest growing skin care platforms in the country. The team has achieved best-in-class unit economics, leveraging a deep understanding of the large, underpenetrated market, complemented by razor-sharp execution and the strong backing of InvAscent. We are delighted to bring in a high-quality investor like Kedaara to back the team in its next phase of growth.