Kedaara Capital, a private equity firm, completed the acquisition of a majority stake in Oliva Skin & Hair Clinic, a medico-aesthetic dermatology services company. Financial terms were not disclosed. “Globally, aesthetic dermatology treatments have seen a steady rise in demand with increasing disposable incomes, rise in prominence of non-invasive 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,” Prashant Soma, Oliva Skin & Hair Clinic Co-founder and CEO.