Healthcare & Life Sciences
Total Dental Care Pvt. Ltd. raised private equity from LGT Venture Philanthropy, Asian Healthcare Fund and Seedfund
About
Total Dental Care
Promoted by Vikram Vora & Parth Vora, MyDentist runs a chain of dental clinics across Greater Mumbai, Pune, Surat and Ahmedabad areas. With 100+ clinics, 500+ doctors and 200,000+ patients, Mydentist is the largest organized player in the dental services space. The Company will use the new funding to expand its base to new cities and reach out to a much larger customer base across India.
LGT Venture Philanthropy
LGT Venture Philanthropy (“LGT VP”), a global investing organization founded by LGT, the Asset Management group and Private Banking arm of the Princely House of Liechtenstein, is an impact investor supporting organizations with outstanding social and environmental impact. Its investee companies benefit from the experience, systems, processes and networks built by implementing the philanthropic engagement of the Princely Family of Liechtenstein / LGT Group. MyDentist is LGT VP’s 13th healthcare investment globally.
Seedfund
Started in 2006, Seedfund is an early-stage venture capital fund in India. It has operations in the cities Bombay, Bangalore and New Delhi. With investments in 31 companies across sectors, Seedfund is one of the most active early stage investors in India.
Asian Healthcare Fund
Asian Healthcare Fund (AHF) is a New Delhi based private equity fund that invests exclusively into India’s healthcare and life sciences sectors. AHF was founded in 2010 and endeavours to identify the most promising healthcare investment opportunities and utilize its sector expertise and network to work with Promoters in maximizing a company’s value creation potential.
Background
We are pleased to announce that LGT Venture Philanthropy along with existing investors Seedfund and Asian Healthcare Fund made a Series C investment of INR 50cr in our client Total Dental Care Pvt. Ltd., a chain of dental clinics run under the brand name MyDentist.
Veda Corporate Advisors (“VedaCorp”) was the exclusive advisor to MyDentist, the existing investors & the promoters in the transaction. VedaCorp provided comprehensive transaction advisory services covering identification of prospective investors, strategic positioning, valuation and transaction structuring, assistance in due diligence, negotiation and finalization of definitive agreements, leading to the successful closure of the transaction.
This is VedaCorp’s 8th transaction in the healthcare domain during the last 2 years and 5th during the last year. This also marks VedaCorp’s 16th transaction in the healthcare domain across segments.