MyDentist, the operative brand name for the company ‘Total Dental Care Pvt Ltd (TDCPL) today announced that it has raised a total of INR 50 crore as part of its Series B funding. Seedfund Advisors and Asian Healthcare Fund pumped in INR 10 crores and 40 crores respectively. The new capital will be used to expand MyDentist’s presence from 40 clinics to 120 clinics across Mumbai and Pune. MyDentist will also explore expansion opportunities into other cities.MyDentist was incorporated by Vikram Vora in 2009 and was incubated by Seedfund in 2010, before it got its first round of funding in 2011. It aims to take dental care to the non-affluent strata of society by offering high quality treatment at reasonable rates. It has tied-up with multiple banks to extent EMI facilities for high-cost treatments.
Vikram emphasized that the first stage of funding was dedicated to bringing systems and processes in place and building up the core team, and that this second round shall fuel exponential growth and scaling activities.
Pravin Gandhi, Founding Partner, Seedfund Advisors, commented that, “Our second round of funding to MyDentist reiterates are belief in the idea and the also the potential of the team behind it. In the last two years, MyDentist has developed its systems and processes and have also managed to build an understanding of the customer behavior We see a high potential of growth in the company and are happy to be a part of their growth path.”