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News on Medial
Dental startup Dezy undergoes a painful realignment of its own
Livemint
·
1y ago
Medial
Dental-tech startup Dezy, formerly known as smiles.ai, has undergone significant changes due to a surge in demand for its transparent teeth aligners. The company, backed by PeakXV, had to lay off around 200 employees, close a division, and reorient its business model to focus on operating dental clinics. Dezy faced challenges in meeting the increased demand, resulting in backend issues and refunds to customers. The company has shifted its focus towards its clinics business and aims to build a revenue of ₹1,000-1,500 crore annually in the next few years.
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Dental care startup Dezy raises bridge funding from VC backers, plans larger round
VCCircle
·
10m ago
Medial
- Dental care startup Dezy has raised $6 million in bridge funding from existing investors. - The funds will be used to expand Dezy's network of clinics in Bengaluru and Hyderabad. - Dezy is planning to raise a larger Series B funding round in the next 12-18 months. - The company aims to operate over 2,000 dental chairs by 2028 and generate revenue of more than Rs 1,200 crore. - Founder Hitesh Kakrani has a background in management and previously worked at P&G.
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Dezy Nets Additional $6 Mn To Expand Its Dental Care Play
Inc42
·
10m ago
Medial
- Dezy secures funding from Alpha Wave and Chiratae Ventures, along with Surge from Peak XV. - The raised funds will be used to expand Dezy's clinic network to cities such as Bengaluru and Hyderabad. - Dezy offers dental care products and services through its proprietary technology platform. - The company was founded in 2019 by Hitesh Kakrani and Jatin Kakrani. - Dezy's business model involves partnering with healthcare professionals to provide dental care to its customers.
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Meet Indian startups that made it to Peak XV’s Surge 10 cohort
VCCircle
·
9m ago
Medial
Four Indian startups have been selected for the tenth cohort of the seed-stage accelerator platform, Surge, by venture capital firm Peak XV. The cohort also includes startups from various other countries. Each startup will receive up to $3 million in seed funding and full-stack support from Surge. The programme will focus on founder development, go-to-market strategies, product refinement, and brand building. The Indian startups include Ambak, which compares and arranges home loans; Dezy, a healthtech startup in dental care; The Health Factory, offering health-focused baked goods; and SalarySe, a fintech startup.
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Toothsi parent makeO raises $16 Mn to offer oral & skin care solutions
Inc42
·
1y ago
Medial
Dental tech startup makeO, parent company of toothsi, has raised $16 million in a funding round led by 360 ONE Asset and Ashish Kacholia's investment office. Existing investors also participated in the round. makeO plans to use the capital to expand its geographical presence and scale its experience centers, which offer clinical-grade solutions and consultation with orthodontists and dermatologists. The startup claims to have served 150,000 customers with its dental and skin care offerings.
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CareStack buys Airtel-backed Waybeo to augment patient-practitioner communication
Inc42
·
1y ago
Medial
US and India-based dental practice management platform, CareStack, has acquired Kerala-based AI startup Waybeo to enhance patient-practitioner communication in healthcare. Waybeo specializes in AI-based analytics for cloud telephony, offering call tracking, analytics, and automation solutions. CareStack aims to integrate Waybeo's advanced analytics into its platform to redefine dental care and transform operations. Financial terms of the deal were not disclosed. Waybeo, which has shown steady growth and counts Airtel among its investors, plans to expand its presence in India and international markets. The global dental practice management software market is projected to reach $3.45bn by 2032.
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toothsi Parent makeO Posts INR 220 Cr Loss In FY23; Revenue Jumps Over 2X
Inc42
·
1y ago
Medial
Healthtech startup makeO, the parent company of dental tech platform toothsi, reported a 19.5% increase in net loss to INR 220.2 Cr in FY23, attributed to a rise in expenses. makeO's operating revenue more than doubled to INR 168.4 Cr, driven by its various verticals including skin treatment solutions through skinnsi. The majority of makeO's revenue came from the sale of toothsi's clear dental aligners, which saw a 77% increase. makeO also expanded its services to include laser hair reduction, acne treatment, and dermafacial under skinnsi. The company raised $40 Mn in its Series C funding round to support its expansion plans.
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Logistics startup Porter recasts top management; cofounder Uttam Digga named CEO
Economic Times
·
2y ago
Medial
Logistics startup Porter undergoes a leadership reshuffle, appointing co-founder Uttam Digga as the CEO. The change aims to strengthen Porter's position in the competitive logistics sector and drive its growth. The company continues to focus on providing efficient on-demand logistics solutions while navigating leadership transitions.
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Clove Dental raises Rs. 500 Cr led by Qatar Investment Authority (QIA)
IndianStartupNews
·
1y ago
Medial
Global Dental Services, the parent company of Clove Dental, has secured $50 million in equity investment from the Qatar Investment Authority (QIA). With a focus on providing affordable dental care, Clove Dental operates 422 clinics across India and plans to use the funding to expand its clinic network, enhance services, and develop oral care products. QIA expressed confidence in India's healthcare and retail markets and commended Clove Dental's commitment to quality and innovation. The Indian oral hygiene market is poised for significant growth, projected to reach $2,586.3 million by 2028.
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Bootstrapped orthodontics firm DentCare weighs maiden PE fundraising
VCCircle
·
6m ago
Medial
DentCare Dental Lab Pvt. Ltd, a Kerala-based dental implants and equipment manufacturer, is considering its first round of external equity funding. Founded in 1988 by John Kuriakose in Muvattupuzha, Ernakulam district, the company is exploring private equity options to expand its business. This marks a significant move for the previously bootstrapped firm, seeking to leverage external investments to enhance its growth and operational capabilities in the competitive orthodontics industry.
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Wodehouse Capital looks to forge dental-care platform, sounds out PE firms
VCCircle
·
1y ago
Medial
Wodehouse Capital Advisors is reportedly in discussions with private equity firms to create a dental-care platform. The details of the platform are still unclear, but the purpose is to bring together regional dental chains.
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