Dezy formerly known as Smiles.ai, a dental healthcare startup has raised an additional $6 million from Alpha Wave Ventures, Chiratae Ventures, and Peak XV’s Surge to expand its clinic network. Dezy will primarily focus on scaling operations in Bengaluru and Hyderabad.
This round is part of a larger $8-10 million funding round, will primarily focus on scaling operations in Bengaluru and Hyderabad. Earlier in 2022, Dezy had previously raised $23 million in Series A funding led by Falcon Edge-managed Alpha Wave Ventures.
Founded in 2019 by Hitesh Kakrani and Dr Jatin Kakrani, Dezy provide dental care products and services to their clients through its in-house developed technology platform and healthcare professional onboarding.
The startup is backed by notable investors, including Spring Marketing Capital, MBX Capital, and Lenskart’s Peyush Bansal and Amit Chaudhry.
Dezy utilises proprietary technology and a team of expert healthcare professionals to offer high-quality, cost-effective dental services. It provides care through a range of options, including online consultations, clinic visits, and at-home services.
The business currently operates over 22 offline clinics across seven cities: Bengaluru, Chennai, Pune, Hyderabad, Mumbai, Delhi NCR, Hyderabad, and Hyderabad. The company claims to serve over 3,000 patients monthly and conducts more than 5,000 diagnoses.
In 2023, the company rebranded itself to Dezy to stand out in a market crowded with dental clinics using the word “smile” in their names.
In the 2022-23 financial year, the business earned ₹28.62 crore in revenue but spent ₹65.19 crore, leading to a loss of ₹36.51 crore.
