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Dr Batra’s, India-based homeopathic clinic chain plans to take to private equity (PE) route for expansion of its new hair transplant venture, B Perfect. It is looking to raise Rs 100 crore by way of PE investment by the end of 2012. Besides, the company would also allocate funds towards mergers and acquisitions (M&A), within and outside India.
Dr Batra’s started B Perfect in 2011 and operates its three centres across India. It plans to further develop the brand’s presence in the country. Currently, Dr Batra’s Positive Health Clinic Pvt. Ltd has pan-India presence through 96 clinics and is planning to add more through franchising by end of this fiscal year. The company is planning to expand in to tier II and tier III cities. It expects to open 35 clinics via franchise model by April 2013.
