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MyDentalPlan raises $700,000 in seed funding from Safe Planet Medicare, Health News, ET HealthWorld

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MyDentalPlan raises $700,000 in seed funding from Safe Planet MedicareNew Delhi: Bangalore-based Healthcare IT company, MyDentalPlan on Tuesday announced raising $700,000 in seed funding from Safe Planet Medicare LLP. The company said that the funding will be used for the purpose of market penetration and for enhancing its services.

The company also announced its plan to foray into the retail business. The company aims at streamlining the dental experience in India by bringing them to the level of global dental services. The company has so far enrolled more than 3,500 verified dentists in 1,000 plus audited clinics on its platform and presently provides services in over 150 cities in India. According to a press release by company, it has been witnessing 2X growth year on year basis.

Dr. Mohender Narula, Founder, and Chairman MyDentalPlan Healthcare Pvt. Ltd. stated, “MyDentalPlan has been committed to bringing in a culture of preventive oral care in India. This funding will give a much-needed fillip to the company in realising the vision of the company. Having started this venture as boot-strapped, we are highly fortunate to have support from such good seed-stage investors in India.”

Mr. Harminder Singh Multani, CEO of MyDentalPlan Healthcare Pvt. Ltd said, “Poor oral health is often a lifestyle disorder. With MyDentalPlan we want to bring dental healthcare as more of a mainstream topic. Now more than ever, consumers value transparency and quality service. Right from the start, MyDentalPlan through its customer-centric approach looked at plugging in the lacunas in the Indian dental space. The strong support from our investors validates the important value our service brings to people and we will be using these funds to fuel in the next phase of growth.”

The company also plans to expand its footprint to 5,000 more clinics and increase its presence to 250 cities by 2021.


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