Global Dental Services, parent of dental clinic chain Clove Dental, has announced a strategic equity investment of $50 million from Qatar Investment Authority, the sovereign wealth fund of the Qatar government. The new investment followed the $66 million investment the company secured in December last year by Investcorp. Global Dental Services said the two rounds of investments will be used to rapidly scale its Clove Dental clinical network and develop a therapeutic oral care products range. Sheikh Faisal Thani Al-Thani, Chief Investment Officer, Africa & APAC at QIA, said “QIA is committed to supporting innovative companies with high-growth potential and sees great potential in India’s fast-growing healthcare and retail markets.” Also ReadPrivate equity investment: Leveraging opportunities in small and medium enterprises Founded in 2011, by Amarinder Singh, Global Dental Services operates 422 company-owned and managed dental clinics across 24 cities in 12 states.  The investment in Clove Dental comes as QIA looks to further diversify its portfolio in India. The investor had backed Reliance Retail, Adani Green Energy, logistics parks company Indospace, app development company, etc. Also ReadSelf Reliant India (SRI) Fund: Equity infusion in MSMEs nears Rs 5,000 crore According to QIA, it is among the largest and most active sovereign wealth funds globally, investing across a wide range of asset classes and regions as well as in partnership with leading institutions around the world. Amarinder Singh, Founder & CEO of Global Dental said, “This investment from QIA will enable our group to pursue its ambitious growth plans in both existing and new tier I & II cities across India, ensuring that more Indians have access to reliable, high-quality and affordable dental care.” The India oral hygiene market size was estimated at $1844 million in 2022 and is expected to grow at a compound annual growth rate of 5.3 per cent to $2,586.3 million by 2028, according to the data from IMARC. In India, Toothsi, Dezy, Bentodent, etc., are among the startups in the dental care market. Subscribe to Financial Express SME (FE Aspire) newsletter now: Your weekly dose of news, views, and updates from the world of micro, small, and medium enterprises