MyDentist Raises Around $8M From LGT Group, Existing Investors

Wednesday, June 24, 2015

Mumbai-based Total Dental Care Pvt Ltd, which runs dental care chain under the MyDentist brand, has secured Rs 50 crore (around $8 million) in its Series C round of funding led by LGT Venture Philanthropy, a global impact investing organization founded by LGT and the Princely Family of Liechtenstein.

Existing investors namely Asian Healthcare Fund (AHF) and SeedFund also participated in the latest round of funding.

VCCircle was the first to report in January this year that dental care chain is looking to raise Rs 50 crore in its Series C round of funding from existing and new investors.

The fresh funding will be used to augment its footprint in both existing markets and other parts of India.

“The funding will be used to expand our base to new cities and reach out to a much larger customer base across India,” Vikram Vora, promoter and CEO of MyDentist, said.

Source: VCCircle (link opens in a new window)

Categories
Entrepreneurship, Health Care, Investing
Tags
health care, impact investing, philanthropy, venture capital