022 24172311
Sections
Search
DealCurry
Equity
Venture Capital
Private Equity
M&A

Banner
DataBoard Demo
Venture Capital | 11 August 2014

Dental Lab Leixir Raises Funds From IvyCap Ventures

by Sejal Mourya
Dental Lab Leixir Raises Funds From IvyCap Ventures
Share on Social Media Email Facebook Twitter Linkedin
 
@Sejal

Gurgaon based Leixir which manages dental laboratories across North America through its group companies has raised INR 250 Mn in its Series A round led by IvyCap Ventures Advisors Private Limited. The funding will be utilized to fund the company’s inorganic growth plans.

Working on a hub and spoke model, the company had acquired 6-7 dental labs and further seeks to expand in the American continent.

Started by Harmeet Bindra, a BITS Pilani alumni and founder of Singapore-based IT services firm Soltius Technologies, in 2012 Leixir offers a range of crown & bridge, implant, surgical guides, dentures and even provide Oral Scanners to its dentist. Dental labs manufacture or customize products like crowns, bridges, dentures and other dental products.

IvyCap , an INR 2,000 Mn fund invests anywhere between $3 to $7 Mn in about five companies a year across healthcare and life sciences, education, rural/ agriculture, energy/ cleantech as well as cyber security and forensics.

Its portfolio consists of Reuters Market - an information solution for farmers in India , Aujas - information risk management services company and Fieldez - An On-Demand mobile based solution that aids managing field sales or service teams.

The firm's core investment team includes founder and MD Vikram Gupta, Ashish Wadhwani, a Singapore-based investment specialist who is also a founder of M&A's advisory firm Value Insights, and Norbert Fernandes, who was earlier with the PE investor Temasek Holdings.

Recently in this space:

  • Hyderabad based Today’s Healthcare India, which runs Denty’s Dental Care clinics had secured INR 270 Mn from Helion Advisors Private Limited.
  • Mumbai based Smile Merchants, a dental clinics chain owned by Free 3 Healthcare Services Pvt Ltd had raised an undisclosed amount in seed round from Unitus Seed Fund.
  • Vanamo Care owned dental healthcare chain Fine Feather had raised second round, divesting 18% stake.

-ET

Future Lifestyle Buys Additional Stake In Famozi

Future Lifestyle Buys Additional Stake In Famozi

The lifestyle fashion arm spun off from Future Consumer Enterprise Limited, Future Lifestyle Fashions Limited has hiked its stake in Eclat Lifestyle Private Limited, firm engaged in the business of footwear under brand name Famozi, from 11% to 30%.

Read More...

UTI Ventures Divests its Shares in Ascent Capital

UTI Ventures Divests its Shares in Ascent Capital

UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.

Read More...
Subscribe
Enter your Email address
to receive all the news