Healing Hands Clinic, which claims to be the largest proctology-focused specialist clinic chain in India, on Friday announced that it has secured an investment from global private equity firm L Catterton.
The funding will enable the clinic chain to expand its operation and make anorectal care accessible to communities nationwide, per an announcement.
While the deal size was not stated, it could be around $30 million, stated a media report quoting people familiar with the matter.
Demand for proctology services in India has been rising on the back of increasingly sedentary lifestyles and greater awareness of available options for treating anorectal conditions.
Healing Hands was founded in 2013 by Dr. Ashwin Porwal, Dr. Snehal Porwal, and Roshan Porwal with the goal of better serving this underserved segment of the country’s healthcare sector. Today, it is present in 14 cities across India.
The proctology specialist chain provides comprehensive care for all stages of anorectal conditions, including the treatment of piles, fissures, fistulas, constipation, and related disorders.
“Healing Hands is transforming the way anorectal care is delivered in India, redefining the way proctology services are provided, and uplifting patients’ experiences,” Sanjiv Mehta, Executive Chairman at L Catterton India, said in a statement.
The world’s largest consumer-focused investment platform is currently in the process of raising approximately $600 million for a dedicated India fund—a development first reported by DealStreetAsia in July 2024.
Earlier this year, the International Finance Corporation (IFC) proposed an equity investment of up to $30 million in the platform.
L Catterton is looking to tap investment in segments such as fashion, accessories, handbags, luggage, and cosmetics, among others. Globally, the firm manages $38 billion of equity capital across three multi-product platforms: private equity, credit, and real estate.
In India, L Catterton counts Sugar Cosmetics among its portfolio firms.
