Frost & Sullivan awarded our portfolio company with the prestigious 2016 India Best Practices Award in the Specialty Chain of Centers Category.
Frost & Sullivan awarded our portfolio company with the prestigious 2016 India Best Practices Awards in the Specialty Chain of Centers Category.
We are proud to announce that our portfolio company MyDentist’s innovative approach and model was awarded the "2016 India Dental Service Provider Company of the Year (Specialty Chain of Centers Category)'' at Frost & Sullivan’s 2016 India Best Practices Awards.
MyDentist provides high-quality and affordable dentistry services to India’s urban mass market via a network of clinics that offer free consultation and a wide range of curative dental treatments. The company presently operates 103 clinics which are highly standardized on service offering and customer interface. Most of the clinics are two chair setups spread over 28 square meters, and operate from 9am to 9pm.
Dental caries affect 60 to 65 percent of the population and periodontal diseases are estimated to occur in 50 to 90 percent of the population, depending on age. There is one dentist per 10’000 urban population versus 5-8 dentists per 10’000 population in developed countries. A significant majority of dental care is run by individual unorganized practices that provide non-transparent, non-standard services. Consequently, oral health is in an epidemic state in India.
LGT Impact Ventures has been invested in MyDentist since 2015.
See the full list of nominees, and winners in each category here.