The Bengaluru based healthcare company, MobiDent, has secured pre – series A funding from the New York – based venture capitalist firm, DanGold Investment Corp. The funds secured from the investment will be used to expand the Company’s presence to twelve new markets in metros and mini metros. Also, the startup is looking to hire 250 dentists and to strengthen its core segments such as digital technology, marketing and sales. MobiDent was founded in January 2011 by Dr. Devaiah Mapangada and serial entrepreneur, Vivek Madappa. It provides in – budget dental care services to patients at home. Read more on Investments
“We are excited to bring on board DanGold Investment Corp who can help us fuel our next phase of growth. The funds will be used to expand our footprint across Mumbai, Delhi, Gurgaon, Chennai and Hyderabad within the next three months”, said Vivek Madappa. Over the past two years, MobiDent has served 51,000 patients across over 510 companies. It has also partnered with 20 hospitals across Bengaluru, Pune, Mysore and Ahmedabad. In August 2016, IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE) invested an undisclosed amount in MobiDent.
Access to healthcare is something most Indians don’t have easy access to. MobiDent is helping the situation by providing cost effective doorstep dental checkup. Many people in India suffer from dental problems like weak gums, very sensitive nerves (in the teeth), corroding of enamel of teeth etcetera and they are not able to find good dentists with ease. The cost effective doorstep dental checkup provided by MobiDent is something they will find very convenient. A New York based venture capitalist firm like DanGold Investment Corp investing in an Indian healthcare startup is very heartening to see. It goes to show the growing clout of the Indian startup ecosystem. The Government of India must fund, promote and incubate useful and innovative startups like MobiDent. Read more on Startup News
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