The company plans to use the funds to scale its operations, enhance its technology infrastructure, and support the growth of its subsidiaries.
Speaking to CNBC-TV18, Vikas Agarwal, Founder and CEO of Dentalkart, stated, “The ₹85 crore raised serves as growth capital, enabling us to upgrade our tech stack for improved operational efficiency, particularly in inventory management, ensuring timely order fulfilment. We also intend to bolster our subsidiaries, expand production facilities, and improve overall infrastructure. Additionally, we are exploring inorganic opportunities in the market, with a portion of the funds set aside in warrants for flexible utilisation.”
Dentalkart operates as a B2B (business-to-business) platform catering to the needs of dental professionals, providing a comprehensive online and offline ecosystem. “We service over 20,000 products, serving dentists across 20,000 PIN codes in India. Over the past eight years, more than two lakh dentists have purchased supplies through our platform,” Agarwal added.
Additionally, Sujoy Chakravarty, Co-Founder and CEO of Quanfluence, discussed the company’s plans for utilising its recent $2 million seed funding. Quanfluence specialises in photonics-based quantum and quantum-inspired solutions. The funding round was led by PI Ventures, with additional contributions from Golden Sparrow, Reena Dayal—Founder and CEO of the Quantum Ecosystems and Technology Council of India—and others. Meanwhile, Anand Vijaykumar, Business Solutions Lead at FluxGen Tech, highlighted how the company leverages AI to revolutionise water management.
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