Helion Venture invests `27 cr in dental-care chain Denty's
May 05 2014
India-focused fund with over $600 million under management, Helion is the first and only institutional investor in the company. Started in the year 2009, Denty’s has 10 clinics in five cities in AP and Tamil Nadu. Sanjeev Agarwal, senior MD, Helion and Ritesh Banglani, director, Helion will join the board.
Of late, Helion has been after capital-efficient healthcare businesses, especially single-speciality business models. Helion had led the series B round of funding in eye care chain EyeQ in 2011 and it had also participated in the third round of funding of Rs 25 crore in 2014. Similarly, Helion had invested Rs 35 crore in stem cell bank LifeCell in 2013.
Denty’s was founded by Sekhar Chennupati and Rajesh Nandipati by opening the first clinic in Vijayawada. Denty’s has implemented digitised diagnostic imagery integrated with electronic health records system since the inception stage.
“We are impressed by the founders’ focus on clinical excellence combined with repeatable and scalable operational processes. Customers across five different cities enthusiastically recommend the clinics to their friends and families, giving us confidence in the team’s abilityto create a high-quality dental practice nationwide. Sekhar and Rajesh bring together a unique blend of domain expertise and operational capability that is critical to building scale in a healthcare business,” Sanjeev Aggarwal,sSenior MD, Helion said.
Dental care is a high-growth segment owing to the ample supply of highquality clinical talent, potential to standardise clinical procedures and the relatively low cost of setting up a dental practice, he said.
“The series A funding from Helion will fuel the replication of our proven, scalable model across the country, enabling us to reach out to a larger population. There is an acute need for standardised delivery of dental care and the existing infrastructure is only touching the periphery of this opportunity,” Sekhar Chennupati, MD of Denty’s said.