ISN Exclusive: Dental company DentCare in talks to raise $10 million in its first-ever fundraise

DentCare, a legacy company that manufactures tools and instruments for dentistry, is in talks to raise fresh funding to the tune of $10 million (Rs 85 crore) in its first-ever funding round, according to sources who spoke to IndianStartupNews (ISN) on the condition of anonymity.

Kerala-based DentCare was founded in 1988 and had earlier said it would raise capital to fund its expansion plans.

“DentCare is in advanced stages of raising $10 million at around $100 million valuation in a round led by Amicus Capital Partners,” one source privy to the developments told ISN.

Amicus Capital Partners and DentCare did not reply to ISN’s email request for comments. DentCare is raising money after quickly scaling from revenues of Rs 135 crore in FY22 to Rs 193 crore in FY23. The company recorded profits for two years in a row in FY22 (Rs 1.2 crore) and in FY23 (Rs 9.9 crore), as per publicly available data.

DentCare was started by John Kuriakose with a vision to fabricate and deliver world-class prostheses to dentists across the globe. It has a network of over 40,000 dentists and has touched the lives of over 50 million people. 

For Amicus Capital Partners, this will be the second belt in the health sector. It has backed Rivaara Labs, a leading player in the industry and has also invested in MoEngage, Awign, MCaffeine, RenewBuy, among several other new-age companies.