Dantech Digital Dental Solutions, a Chennai-based dental prosthetics manufacturing startup, has raised ₹21 crore ($2.5 million) from a group of investors.
The funding round saw participation from Gunavanth Vaid, Unicornus Maximus, Shagun Capital Ventures, Wow Investments, Ten Eighty Investments, the promoter family of Tablets India, and a consortium of renowned dentists, among others.
The funds will be used to expand its domestic production capacity, broaden product offerings, and pursue acquisitions in the US to expand geographically, and offshore more operations to India.
“Our journey began with a vision to revolutionise the dental industry, inspired by my grandfather’s (Dr. B.P. Rajan) unwavering dedication to providing exceptional care. With this new funding, we are excited to accelerate our growth and bring our innovative products to more dentists worldwide,” said Varun Gunaseelan, CEO & MD of Dantech.
Founded in April 2023, Dantech operates from two locations: a manufacturing facility in Chennai and another unit in Denver, Colorado. The company specialises in producing dental prosthetics such as crowns, bridges, and caps for implants, offering custom-made solutions for patients’ specific medical needs.
At present, it manufactures around 200 units a day across 400 SKUs at its Chennai facility. It is planning to ramp up the capacity to 1,000 units per day.
The funds will be used for three primary purposes: expanding domestic production, diversifying the product line with new offerings like dental implants, desensitising gels, bleaching trays, and aligners, and exploring acquisitions of dental labs in the US.
The company’s growth strategy also includes leveraging digital technologies to enhance production efficiency. By producing custom prosthetics in India and serving US customers, Dantech aims to offer cost-effective solutions for the increasing demand for dental services, especially in ageing populations.
Currently, 85% of Dantech’s revenue comes from the US, with India still a developing market. The company projects revenue of over ₹20 crore for the current fiscal year, with plans to achieve a run rate of ₹5 crore per month by March, targeting an annual revenue of ₹60 crore.
