Bangalore: Mydentist, a dental hospital chain which has its operations in Mumbai and Pune is planning to raise $10 Million in its Series B round of funding to expand its current network of hospitals (29 in Mumbai and 2 in Pune) to 130 by March 2013, reports DealCurry.com.

Incubated by Seedfund in 2010, Mydentist received its initial investment of $2,00,000 which was followed by Series A round of funding last year. The dental chain was founded in 2009 by Vikram Vora and has a website with all its services including prices per service. The website works with a slogan ‘Smile more, pay less’.

Mydentist offers a standard rate for its services which is generally not practiced in India. Currently, it has over 150 professional dentists on its rolls who are employed on monthly pay instead of the commonly practiced profit sharing model. These dentists work in shifts of four hours each day.

In the next three months, the company looks forward to have over 50 clinics operating between Mumbai and Pune. This dental chain of hospitals have been funded enough for its expansion up to 50 clinics and with its Series B round of funding, the company looks forward to expand its chain and have over 130 operating clinics.

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