Dental Care Startup Smiles.ai Raises $23 Million In Series A Funding
Smiles.ai, a dental care startup, has raised $23 million in a Series A funding round led by Alpha Wave Incubation, which is managed by Falcon Edge Capital.
The funding round also saw participation from existing investors Sequoia Capital India and Chiratae Ventures. Several investors including, Wami Capital, MBX Capital, and angel investors – Aakrit Vaish (Co-founder and CEO, Haptik), Peyush Bansal & Amit Chaudhary (Co-founders, Lenskart), Revant Bhate (Co-founder, Mosaic Wellness), also participated in the round.
As per the dental care startup, the funding will be deployed towards expanding its footprint nationally, strengthening the leadership team, and building tech-driven dental care solutions.
Smiles.ai | Dental Care Done Right
Founded by Hitesh Kakrani and Dr Jatin Kakrani in 2019, Smiles.ai leverages proprietary technology and expert healthcare professionals to provide access to high-quality and cost-effective dental care products and services.
With over 100+ specialist doctors, the dental care startup serves over 3,000+ patients and conducts 5,000+ diagnoses every month across Delhi-NCR, Bangalore, Pune, and Indore.
Speaking about the development, Hitesh Kakrani, Co-founder of Smiles.ai, said,
“India’s dental care market has remained highly fragmented and without any significant technological disruption for decades. However, now with increasing awareness, increasing disposable income and rising millennial aspirations, the industry is going through a transition, and we are leading this change in India by combining dental care, operations and technology expertise.”
One of the primary focus areas of the dental care startup is Invisible Aligner treatment. Lately, it has emerged as the preferred technology over traditional braces for smile correction.
Last week, Toothsi, a dental tech startup offering at-home teeth-straightening services using invisible, 3D-printed clear aligner technology, raised $9 million (Rs 66.6 crore) in a debt funding round led by Stride ventures.
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