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April 14, 2013

Deal Alert: Asian Healthcare Fund to invest Rs.50-Cr in dental chain Mydentist: report

Asian Healthcare Fund (AHF), a PE firm floated by Dabur Group chairman Anand Burman and former Dabur Pharma CEO Ajay Kumar Vij, is close to investing Rs.40-50 crore in Mydentist, a Mumbai-based chain of dental clinics. The deal marks AHF’s first investment since it was set up in 2011. 

Mydentist operates a regional dental care chain of 40 clinics with a focus in Western India. It is among the largest private chains in the country with 38 of its 40 clinics located in Mumbai and the rest in Pune. The funding would be used to scale up its footprint in other geographies. The company was launched in 2009 by Vivek Vora, who had earlier worked with dental equipment marketing firm Healix Medico.  

From the Venture Intelligence PE Deal database: In Dec-10, Seedfund had committed to invest INR 8-Cr inTotal Dental Care, the company behind Mydentist . 

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