Clear Aligner Brand Toothsi Raises $40M In Series C Funding
Toothsi, a clear aligner technology brand, has raised $40 million in Series C funding from Eight Roads Ventures, Paramark, IIFL, and the family office of Medlife co-founders-Prashant Singh and Tushar Kumar.
Existing investors Think Investments and the Mankekar family and independent angel investors such as Aditya Puri (former managing director of HDFC Bank) and Karan Singh (Managing partner of Bain & Company’s India offices) also participated in the funding round.
As per the startup, the raised funds will be utilised to further scale its technology platform and operations to ensure a seamless customer experience across the treatment journey. Additionally, Toothsi would also invest in robotic automation for aligner manufacturing.
Toothsi | Clear Aligner Brand
Founded by orthodontists Arpi Mehta Shah, Manjul Jain, Pravin Shetty, and Anirudh Kale in 2018, Toothsi is committed to providing Indians with a better smile with its clear aligners, a convenient alternative to conventional braces at the comfort of their home.
The dental tech startup offers at-home teeth-straightening services using invisible, 3D-printed clear aligner technology.
Speaking about the development, Dr Arpi Mehta Shah, co-founder and CEO of Toothsi, said,
“The brand intends to be the one-stop platform for doctor-directed solutions for cosmetic dentistry and dermatology. The support of our investors has empowered us to bring to life our vision of building a first-of-its-kind clinical beauty technology brand. We, at Toothsi, intend to use this capital to build a great team for further geographic penetration and category expansion.”
It has facilitated smile makeovers for 140,000 customers in India, empowering them with access to at-home, new-age teeth straightening with invisible, 3D-printed clear aligner technology.
Toothsi has partnered with 2,000 partner dental centres across the country. The Mumbai-based startup intends to further expand the Toothsi brand’s availability to tier-II cities in the near future.
Earlier in January, Toothsi raised $9 million (Rs 66.6 crore) in a debt funding round led by Stride ventures. Prior, the tech-enabled dental care platform raised $20 million in a Series B funding round.
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