Other investors participating in the round include the family office of Medlife co-founders – Prashant Singh and Tushar Kumar and existing investors Think Investments and the Mankekar family office.
By August last year, the company had raised $20 million in a Series B funding round led by Eight Roads Ventures, Think Investments and the 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 provides patients with access to home, straightening teeth with invisible, 3D printed clear aligner technology.
It has served more than 140,000 customers in India. It currently has a pan-Indian network of over 2,000 partner dental centers. The company plans to further expand the brand’s availability to tier-II cities in the near future, it said.
“The brand aims to be the one-stop platform for physician-led solutions for cosmetic dentistry and dermatology. We, at toothsi, intend to use this capital to build a great team for further geographic penetration and category expansion,” said Arpi Mehta Shah, co-founder and chief executive officer (CEO), Toothsi. In addition, the company plans to invest in robotic automation for the production of aligners.
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Toothsi has also scaled up its sister brand ‘skinnsi’, which provides laser-assisted cosmetology services at home. In the past few months, the company has also introduced a variety of over-the-counter teeth and skin products, including a line of teeth whitening and oral hygiene products, it said in a release.
“Since our first, smaller investment last year, the company has continued its successful transformation into a leading clinical cosmetics brand,” said Dr. Prem Pavoor, Senior Partner, Head of India & Healthcare Investments, Eight Roads Ventures.