Other investors who participated in the round include the family office of Medlife co-founders – Prashant Singh and Tushar Kumar and existing investors Think Investments and Mankekar’s family office, among others.
In August last year,
the company raised $ 20 million in a Series B funding round led by Eight Roads Ventures, Think Investments and Mankekar Family Office. Before that, in January 2021, toothsi raised $ 5 million in Series A funding.
Founded in 2018 by orthodontists, Arpi Mehta Shah, Pravin Shetty, Manjul Jain and Anirudh Kale, Toothsi offers patients access to straightening teeth at home with the invisible 3D printed technology of clear aligners.
It has served over 140,000 clients in India. It currently has a Pan-Indian network of over 2,000 partner dental centers. The company intends to further expand the brand’s availability in Tier II cities in the near future, he said.
“The brand aims to be the single platform for physician-directed solutions for cosmetic dentistry and dermatology. We at toothsi intend to use this capital to build a great team for further geographic penetration and expansion of the category, “said Arpi Mehta Shah, co-founder and chief executive officer (CEO), Toothsi. Beyond that, the company expects to invest in robotic automation for the production of aligners.
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Toothsi has also expanded its sister brand ‘skinnsi‘which provides home laser-assisted cosmetology services. In recent months, the company has also introduced a variety of skin and dental care products, including a line of teeth whitening and oral care products, a statement said.
“Since our first, smallest investment last year, the company has continued its successful transformation into a leading clinical cosmetology brand,” said Dr Prem Pavoor, Senior Partner, Head of India & Healthcare Investments, Eight Roads Ventures.