Hyderabad-based Today's Healthcare India Pvt Ltd, which runs a dental care chain Denty’s that has implemented digitised diagnostic imagery integrated with an electronic health records system across its centres, has secured Rs 27 crore (around $4.5 million) in its first institutional round of funding from Helion Venture Partners. Denty’s will use the fund to expand its presence across the country, and bring up the number of clinics to 150 in five years.
As part of the deal, Helion’s senior management director Sanjeev Agarwal and director Ritesh Banglani will join Denty’s board.
“The Series A 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 standardised delivery of dental care and the existing infrastructure is only touching the periphery of this opportunity,” said Sekhar Chennupati, co-founder and MD of Denty’s.
The firm was founded in 2009 by Chennupati and Rajesh Nandipati. Chennupati is an oral and maxillofacial surgeon with an experience of over a decade-and-a-half, while Nandipati is a doctor with a master’s degree in Healthcare Management from the US.
Denty’s offers dental services, offering a range of treatments from basic to advanced treatments across all specialities in dentistry. It operates in tier I and tier II cities in India. Denty’s has implemented digitised diagnostic imagery integrated with an electronic health records system.
The network launched its first clinic in Vijayawada in Andhra Pradesh and currently operates 10 clinics across five cities in Andhra Pradesh and Tamil Nadu. The company claims that it has over 1 lakh customers.
This is the third investment in healthcare by Helion, which had previously backed EyeQ, a chain of speciality eye hospitals, and LifeCell, a stem cell bank.
“We are impressed by the founders’ focus on clinical excellence combined with repeatable and scalable operational processes. Customers across five 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,” Helion’s Aggarwal said.
Helion recently invested more in online fashion store Yepme.com.
(Edited by Joby Puthuparampil Johnson)