The start-up plans to use the funding to expand its operations and for talent acquisition while building upon India’s SaaS landscape.
Kerala-based dental care startup CareStack has raised $22.5 million in the latest round of funding. The round saw participation from Delta Dental of California, SteadView Capital, Eight Roads, Accel Partners, and F-Prime Capital. The start-up plans to use the funding to expand its operations and for talent acquisition while building upon India’s SaaS landscape.
The company has doubled its revenue in 2020 despite it being a pandemic year and expanded its global workforce to 370 employees. It now plans to further double its workforce and grow its annual revenue by 400%. With this round of funding, it has raised a total of $60 Million thus far.
CareStack provides an all-in-one software solution, that allows the dental workforce to simplify work, elevate doctor-patient relationships, which also allows them to gain more time to focus on patient care. Their services include managing appointments, claims, treatments, patient communication, payments, analytics, and reporting. The start-up also provides a user-friendly onboarding process that minimizes the inconveniences associated with software transition. This is done by pooling in the expertise of specialists who have a deep understanding of office workflow, aiding in real-life implementation.
Source: Business World
