The money will be used to set up more clinics
Bangalore:
Dental care company Today’s Healthcare India Pvt. Ltd , which has multiple clinics under the name Denty’s Dental Care , said on Monday that it raised Rs.27 crore ($4.5 million) from Helion Venture Partners .
The money will be used to set up more clinics.
Today’s Healthcare , based in Vijayawada, runs 10 clinics in five cities in Andhra Pradesh and Tamil Nadu, which have fully digitized logging of patient data and electronic medical records.
“We are impressed by the founders’ focus on clinical excellence combined with repeatable and scalable operational processes. Customers across five different cities enthusiastically recommend the clinics to their friends and families, giving us confidence in the team’s ability to create a high-quality dental practice nationwide,” said Sanjeev Aggarwal , senior managing director, Helion Venture Partners.
The first clinic was launched in Vijayawada by two doctors, Sekhar Chennupati and Rajesh Nandipati , in 2009. The clinics offer comprehensive dental services ranging from basic to advanced treatments across all specialities in dentistry.
“The funding from Helion will fuel the replication of our proven, scalable model across the country, enabling us to reach out to a larger population. There is an acute need for standardized delivery of dental care and the existing infrastructure is only touching the periphery of this opportunity,” Chennupati, co-founder and managing director, Denty’s Dental Care, said in a statement.
The funds will be used to build 150 clinics over the next five years, the company said.
The Indian dental care services market was worth $740 million (aroundRs.4,450 crore) in 2010 and is expected to reach $1.3 billion by 2015, growing at an annual rate of 12%, according to Frost and Sullivan , a business consulting firm.
Dental care chains that have come up in the last five years, mainly in bigger cities, include Dentistree , Stardental Centre Pvt. Ltd under the name Clove Dental , Total Dental Care Pvt. Ltd under the name MyDentist , Apollo Hospitals group’s Apollo White Dental , Axiss Dental and Swiss Smile Dental Clinic .
India had 180,000 dentists in 2012, serving the population through 125,000 clinics across the country, according to a Healthcare and Dental Industry in India report.
The general dentist concentration is one for every 30,000 persons; urban concentration indicates one dentist for every 10,000 and rural areas one dentist for every 250,000.
source: http://www.livemint.com / Live Mint & Wall Street Journal / Home> Companies / by Aparna Ghosh / Monday – May 05th, 2-014