Page 44 - DT 15-1
P. 44

44-News_6-7-8-Ivoclar.qxd  01-05-2025  07:15  Page 1






               44 news                                                                        DENTAL TECHNOLOGY, JANUARY-MARCH 2025







              AMRITSAR-BASED DENTIST FEATURED

              ON SHARK TANK INDIA                                                     KKR IN TALKS TO ACQUIRE US
                                                                                        DENTAL LABS CHAIN LEIXIR

             Dr Bikramjeet Singh who was fea-
             tured  on  a  recent  episode  of  Shark                                Global  investment  firm  KKR  is  in  talks  to  acquire  Leixir
             Tank  India  impressed  all  five  'sharks'                             Dental Laboratory Group from Comvest Investment Partners
             with  his  passion,  determination  and                                 at a valuation of $200-$250 million.
             confidence.                                                                Founded  in  2013  by  Harmeetpal  Singh  Bindra  and
                Dr.  Singh  pitched  his  dental  care                               Mangesh Sholapure, Leixir caters to both independent den-
             business,  Singh  Dental  Care,  with  a                                tists and dental service organisations, as well as technology
             vision to provide transparent services                                  and distribution firms. It operates a network of full-service
             to clients. He revealed that many doc-                                  dental  laboratories  offering  products  such  as  crowns  and
             tors struggle to scale their businesses                                 bridges, implants, surgical guides and dentures.
             as they prefer to oversee every patient                                    The  company  runs  six  dental  laboratories  in  the  US  in
             personally. Citing examples like Clove,                                 addition  to  a  digital  design  and  manufacturing  facility  in
             Dr. Singh shared his plan to open 100                                   Gurugram. The global dental market is projected to reach
             clinics across North India. Seeking Rs.                                 $90 billion in the next decade, as per reports, which valued
             1  crore  for  5%  equity,  he  valued  his                             the market size at about $50 billion as of 2023.
             company at Rs 20 crore.
                Dr. Singh currently manages eight
             clinics in Amritsar and aims to expand                                LUPIN DENTAL ANNOUNCES THE
             to  Mohali,  Ludhiana,  and  eventually  ply  dynamics,  explaining  that  clients
             the  Delhi-NCR  region.  His  goal  is  to  insist on being treated by top doctors,  WORLD’S FIRST SUPERVISED
             standardize  prices  across  regions,  leading to higher fees.
             offering more affordable services com-  Despite the inspiring pitch, Vineeta,  AUTOMATED MULTI-TREATMENT
             pared to competitors like Clove.  Kunal  Bahl,  Ritesh  Agarwal,  and
                Entrepreneur  Vineeta  Singh,,  how-  Namita Thapar decided not to invest,
             ever,  raised  concerns  about  the  busi-  citing  concerns  about  the  scalability  DENTAL ROBOTIC SYSTEM
             ness's  profitability,  highlighting  the  and  profitability  of  the  business.
             challenge  of  achieving  payback  with-  However, Anupam Mittal encouraged  POST-MARKET CLINICAL STUDY BEING CONDUCTED IN INDIA
             out  hiring  consultants.  Dr.  Singh  Dr.  Singh  to  focus  on  expanding  in
             responded  that  consultants  often  cre-  two  cities  and  achieving  Rs  2  crore  Lupin  Dental  SAS,
             ate conflicts by taking a share of profits  revenue  per  cluster  per  year  to  gain  an early-stage com-
             and  not  aligning  with  the  company's  clarity  on  his  model's  potential.  pany  focusing  on
             ethos. When asked why dental care is  Though  Dr.  Singh  left  without  a   innovative  dental
             so expensive in cities like Mumbai, Dr.  deal,  he  won  the  hearts  of  all  five  technology,   is
             Singh attributed it to demand and sup-  'sharks'.                    proud to announce
                                                                                  the  successful  first
                                                                                  clinical  use  of  the
                                                                                  Lupin®    Robotic
              DENTALKART ENTERS THE Rs. 6000 crores                               System  at  Bharati
                                                                                  Vidyapeeth  Dental
              DENTAL LAB MARKET WITH ‘SMILEWORKS’                                 College      and
                                                                                  Hospital,   Pune.
             Dentalkart, India’s leading online marketplace for dental supplies, has taken a  Lupin  Dental  is
             significant  step  forward  with  the  launch  of  its  new  subsidiary,  Smileworks.
                                                                                  conducting  a  post-
             Officially incorporated in August 2024, Smileworks will offer a comprehensive  market   clinical
             suite of dental laboratory services and educational programs aimed at upskilling  study  in  India  to
             dental professionals across India. With this, Dentalkart will be foraying into a Rs.  demonstrate   the
             6000 crores market and will double its TAM (Total Addressable Market).  safety and perform-
                Smileworks  will  specialize  in                                  ance  of  its  robotic
             high-quality  dental  prosthetics,                                   system  for  mini-
             crowns,  bridges,  implants,  and                                    mally    invasive
             other  customized  dental  solu-                                     tooth  preparation
             tions, providing essential labora-                                   procedures for aes-
             tory  services  directly  to  dentists                               thetic veneers. The trial is ongoing, with six patients successfully
             and dental clinics. The new sub-                                     treated.
             sidiary  will  also  serve  as  a  key                                  The team of Bharati Vidyapeeth University Dental College and
             educational  platform,  offering                                     Hospital,  Pune,  Dr.  Vijaysinh  More  (Principle  Investigator),  Dr
             workshops, courses, and training                                     Pankaj  Kadam,  Dr.  Santosh  Jadhav,  Dr.  Yogesh  Khadtare  (Co-
             sessions  focused  on  enhancing                                     Investigator)  and  Dr.  Sarah  Mariam  (Clinical  Research
             dentists’ knowledge of the latest                                    Coordinator) are conducting this trial.
             techniques  and  familiarizing                                          According to the Co-founder Galip Gürel. “The extreme precision
             them with cutting-edge dental technologies.                          and the repeatability of the system is providing the most minimal-
                Dr. Vikas Agarwal, Founder and CEO of Dentalkart, stated, “Smileworks rep-  ly invasive tooth preparation for veneer treatments, one of the most
              resents a crucial addition to our mission of transforming the dental care space in  challenging  procedures  in  the  field  of  aesthetic  dentistry  and
              India. Our goal with Smileworks is not only to provide the highest quality den-  democratizing this complex procedure for dentists at all levels”.
              tal prosthetics but also to empower dental professionals through education. This  Dr. Vijaysinh More, Clinical Trial Principal Investigator, Bharati
              integration of laboratory services and education is designed to enhance patient  Vidyapeeth  University  commented:  “The  Lupin  Robotic  System’s
              outcomes and foster a culture of continuous learning and innovation.”  minimally invasive tooth preparation approach, and unique preci-
                “Smileworks is a visionary platform that aims to build a stronger, more knowl-  sion,  executes  exactly  what  is  planned  virtually;  with  optimized
              edgeable dental community in India. By bringing together education and labora-  handpiece angulation, preserving the maximum enamel and there-
              tory services, we are creating a space where professionals can access high-quali-  fore ensuring a very good bonding protocol.”
              ty solutions and the latest dental techniques in one place,” added Dr. Agarwal.  Visit https://lupindental.com/ for more details.
   39   40   41   42   43   44   45   46   47   48