Indian dental care startup Dezy has secured additional funding of $1 billion from its existing investors and a new funder, the company said. 

The company revealed that the funding was made by Alpha Wave and Chiratae Ventures, with Peak XV's Surge joining the cap table. 

According to the company, the financial backup is a part of its ongoing fundraising round which targets $8 million to $10 million. 

Dezy Eyes Expansion

The company said that the financial assistance will be used to expand its physical operations in multiple cities like Hyderabad and Bengaluru. 

Currently, Dezy has 22 offline clinics in seven cities, including Bengaluru, Delhi NCR, Mumbai, Hyderabad, Indore, Chennai and Pune.

Dezy has secured funding at a time when the Indian startup ecosystem is receiving widespread attention from investors all across the globe. 

According to Inc42's 'Indian Tech Startup Funding Report, Q3 2024′, fundings for strartups in India in the first three quarters of this year reached $8.7 billion, representing a rise of 20 percent compared to the same period in the previous year. 

Moreover, the number of deals also grew to 766 from 691 in 2023.

Dezy: All You Need to Know

Dezy was established in 2019 Hitesh Kakrani and Jatin Kakrani. 

According to the company's website, Dezy offers dental care products and services to its customers with its proprietary technology platform. The firm also has onboarded healthcare professionals to assist customers. 

The company also offers other services to customers including online consultation, dental walk-ins and dentist at-home options.