Comments
NRI-owned Leixir, a services company which manages a dental labs chain in North America through its group companies, said it has raised a round of series A funding from IvyCap Ventures.
IvyCap Ventures is a venture capital fund anchored by the Alumni Trust, and leveraging the network of IITians across the globe to create value in its portfolio companies.
Leixir’s group companies in US and Canada have demonstrated a successful track record of acquisitions and integration model of dental labs in North American markets and the group is well poised to roll out the model at a significantly larger scale.
“We believe there is potential for value creation in the highly fragmented dental labs business across the globe. As the Indian dental market is getting more organised, it is the right time for organising value in the developed markets and then leveraging that for the Indian market,” Vikram Gupta, Founder and Managing Partner of IvyCap Ventures, said in a statement.
Harmeet Bindra, founder and CEO of Leixir, said, “The hub and spoke business model of Leixir’s group companies combines touch and technology with scale efficiencies to be the most cost efficient, one stop solution provider to the dental offices in North America.”
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.