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Mydentist raises Rs 50 crore in Series-C funding

Company to use funds to expand to new cities

BS Reporter  |  Mumbai 

clinic chain, has closed Series C funding round of Rs 50 crore.

The round was led by LGT Venture Philanthropy, a global impact investing organisation founded by LGT and the Princely Family of Liechtenstein.

Existing investors Asian Healthcare Fund (AHF) and Seedfund also made further investment in the company as part of the Series C round.

With 103 clinics spread across Greater Mumbai, Pune, Surat and Ahmedabad, has a team of more than 500 dentists and a cumulative patient count of over 3 lakh patients.

Vikram Vora, Promoter & CEO, said, “In the past few years, we have been successful in consolidating our position as leaders in dental clinic services. The new funding will be used to expand our base to new cities and reach out to a much larger customer base across India.”

First Published: Wed, June 17 2015. 10:54 IST