The startup aims to build a pan-India presence in over 250 tier-II and III cities by end of the year
MyDentalPlan Healthcare has announced that it will be adding over 4,000 clinics as part of a retail expansion strategy that will grow the company’s presence in India to more than 250 cities by end of the year, according to a company statement.
Founded in 2015, MyDentalPlan offers dental care at uniform rates in urban and rural India. The company’s empanelment process includes over 80 audit checkpoints, including standardised clinic and staff hygiene, and a uniform pricing model, it notified.
It also said that MyDentalPlan has seen exponential growth in the past few years, with more than 3,500 empanelled dentists in over 1,000 audited clinics spread in more than 150 Induan cities. Currently, in their next phase of growth, the company is projected to cross a topline of Rs 20 crores by April 2022. Analysing from its five-times growth last year, the company is eyeing to grow at a 10-time rate this year and predicts an increase in market penetration of dental services by over 20 per cent in the next two-to-three years. It is also working towards increasing dental healthcare awareness amongst the masses, maintaining transparency in pricing and ensuring basic hygiene standards across the country.
Speaking on the occasion, Harminder Singh Multani, CEO, MyDentalPlan Healthcare, said, “We’ve been experiencing tremendous growth over the past few years and are just getting started. Building on another year of growth, the addition of new clinics and cities to an existing burgeoning network of dental care centres will help MyDentalPlan fill major gaps in the Indian dental industry and provide quality dental care to all. Currently, the Indian dental care market is highly unorganised with more than 80 per cent stand-alone clinics, and is serving only two per cent of the population. We are committed to expanding to all major tier-I, II and III cities in India to standardise oral care, and our aim is to serve more than 2,00,000 customers this year.”
The lack of accessible and affordable dental healthcare has been a significant challenge during the pandemic. In addition to this, people are also apprehensive to step out of the safety of their homes. With soon-to-be-launched offerings like telephonic and video consultation services, MyDentalPlan is at the forefront, working hard to usher in the future of IT-enabled intelligent healthcare in India by improving accessibility to dental care for all, mentioned the statement.
“The company is also chalking out plans to enable treatment cost financing and increase much-needed dental insurance penetration in India. It has also recently secured a seed funding of $700,000 from Safe Planet Medicare LLP,” it added.