Dentalkart, an online marketplace for dental shopping has raised ₹85 crore in its recent funding round led by Malabar Investments and Whiteoak. Malabar Investments has invested ₹65 crore and ₹20 crore has been invested by Whiteoak.
The funds raised will be allocated towards operational scalability and adding more subsidiaries.
The investment round is followed by preferential allotment of shares that strategically align with Dentalkart’s forward-looking bets. Often used for pre-IPO funding, the current round reflects the company’s long-term vision of delivering value to its investors and stakeholders.
Vikas Agarwal, CEO of Dentalkart said, “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. This investment comes at a pivotal time as we work to expand our presence, broaden our reach and scale our subsidiaries.”
Sumeet Nagar, founder & managing partner, 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.”
Founded in 2016, Dentalkart is a NSE-listed company and is an online destination for dental supplies; offering a vast range of over 22,000 products across 700 categories sourced directly from 500+ manufacturers.
