Dentalkart secures ₹85 crore funding to scale operations and expand subsidiaries

Dentalkart, India’s first online marketplace for dental shopping, has raised Rs 85 crore in its latest funding round. The investment was led by Malabar Investment and Whiteoak, with Malabar contributing Rs 65 crore and Whiteoak investing Rs 20 crore.

The company plans to utilise the funds to scale its operations and expand its subsidiaries. Dr Vikas Agarwal, CEO of Dentalkart, expressed his satisfaction with the development, stating, “We are elated with our recent fundraise and we acknowledge the belief that Malabar and Whiteoak have in our vision. Their strategic backing will help us accelerate our growth plans and ensure that we remain at the forefront of the dental marketplace in India.”

Dr Agarwal added, “This investment comes at a pivotal time as we work to expand our presence, broaden our reach, and scale our subsidiaries.”

The funding round included a preferential allotment of shares, often associated with pre-IPO strategies. This approach reflects Dentalkart’s long-term plan to deliver value to its investors and stakeholders.

Commenting on the investment, Sumeet Nagar, Founder and Managing Partner of Malabar Investments, said, “We like companies which are able to truly understand customer pain points and solve them. Having experienced the problems first-hand, Vikas and team are best positioned to provide timely access to quality and affordable products to dental practitioners across the country. We are excited to partner with Vasa Denticity in its mission to provide great value to dentists all over India.”

The funding positions Dentalkart to enhance its offerings and expand its market reach. The company aims to contribute to improving dental care accessibility in India and beyond.