Wednesday, January 20, 2016

#Mydentist plans to open 50 clinics in #Bangalore by the year end

Incorporated by Vikram Vora in 2009 Mydentist a dental clinic chain plans to open 50 clinics in Bangalore by the end of 2016. It presently has 9 fully operational clinics in Bangalore.With a team of 500 dentists and an overall team strength of 1400 people, Mydentist is on an average treats 35-40,000 patients a month and has treated more than 4,000,00 patients till date.

The company sources high-quality treatment material at competitive rates from well- known brands like 3M, Nobel and Bioccare. The benefits of low cost procurement are passed on to the customers in the form of lower treatment costs.“The company has a clear focus on providing affordable quality dental care to the burgeoning and aspiring middle class,” said Vikram Vora, CEO, Total Dental Care Pvt Ltd.
Mydentist raised Rs.50 crores as Series B in April 2013 from Seedfund and Asian Healthcare Fund. It recently raised “Series C” of another Rs. 50 crore led by LGT Venture Philanthropy (LGT VP), a global impact investing organization founded by LGT and the Princely Family of Liechtenstein.
Existing investors Asian Healthcare Fund (AHF) and Seedfund had also made further investment in the company as part of the Series C round. The company has raised Rs. 108 crs overall, so far.