VC Fund Investments
Dental prosthetics maker Dantech Digital raises Rs.21-Cr
Chennai- and US-based Dantech Digital Dental Solutions Pvt Ltd , a dental prosthetics manufacturing startup, has raised INR 21 crore (USD 2.5 million) from investors. The investment round included participation from Gunavanth Vaid, Unicornus Maximus, Shagun Capital Ventures, Wow Investments, Ten Eighty Investments, the promoter family of Tablets India, and a consortium of dentists.The new funds will be used to boost domestic production, diversify product offerings and pursue acquisitions in the US, and offshore more operations to India.Founded in April 2023, Dantech operates in two locations: a manufacturing facility in Chennai, and another unit in Denver, Colorado, US. Dantech makes a range of dental prosthetics, including crowns, bridges, and caps for dental implants.At present, it manufactures around 200 units a day across 400 SKUs (stock keeping units) at its Chennai facility. It is planning to ramp up the capacity to 1,000 units per day. For the current fiscal year, Dantech aims to surpass INR 20 crore in revenue, with a run rate target of INR 5 crore per month by March next year.
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