Dentalkart, the pioneering and largest online hub for dental products in India, has garnered Rs. 85 crore in a recent financing round. This investment, headed by international investors Malabar Investment and Whiteoak, underscores the company’s dedication to transforming the dental market and reinforcing its industry-leading status.
The funding strategy includes a Rs. 65 crore investment from Malabar Investment, complemented by a Rs. 20 crore contribution from Whiteoak. Dentalkart plans to channel these resources to bolster operational scalability and expand its network of subsidiaries.
Established in 2016, Dentalkart is a listed entity on the NSE and stands as India’s top online platform for dental provisions, boasting a vast selection of over 22,000 items spanning 700 categories, sourced directly from more than 500 manufacturers.
Dr. Vikas Agarwal, CEO of Dentalkart, remarked, “We are thrilled with our latest funding achievement and appreciate the confidence Malabar and Whiteoak have in our goals. Their strategic support will help expedite our growth objectives and ensure our continued leadership in India’s dental marketplace.”
This funding arrives at a critical juncture as we seek to broaden our footprint, extend our reach, and scale our subsidiary operations. Equipped with this new financial backing, Dentalkart is set to transform India’s dental sector. With robust investor support, the company aims to refine its offerings, broaden its market presence, and ultimately contribute to a larger vision of enhancing dental care worldwide, he added.
The investment round proceeds with a preferential share allotment aligning with Dentalkart’s strategic outlook. Typically employed for pre-IPO funding, this round reflects the company’s commitment to delivering long-term value to investors and stakeholders.
Sumeet Nagar, founder & managing partner of Malabar Investments, shared, “We are drawn to companies that genuinely grasp customer challenges and resolve them. Having faced these issues firsthand, Vikas and his team are aptly positioned to provide timely access to premium and cost-effective products to dental professionals across India. We are eager to collaborate with Vasa Denticity in its endeavor to provide outstanding value to dentists throughout the country.”