Toothsi, which had raised $5 million in a Series A round in January, will use the fresh capital to bolster its 3D-printed clear aligner technology and for geographical expansion.
Funding round led by Eight Roads Ventures
Toothsi, a tech-enabled dental care platform, has raised $20 million in a Series B funding round led by Eight Roads Ventures, Think Investments, and the Mankekar Family Office.
Blackrock Asia’s vice president Vishal Agrawal, Pharmeasy co-founders Siddharth Shah and Dharmil Sheth, Livspace co-founder Ramakant Sharma and Karan Singh of Bain & Co. India also pitched in.
The company, which had raised $5 million in a Series A round in January, will use the fresh capital to bolster its technology and for geographical expansion.
Preferred technology over traditional braces
Founded in 2018 by orthodontists Dr. Manjul Jain, Dr. Pravin Shetty, Dr. Arpi Mehta, and Dr. Anirudh Kale, Toothsi at present has more than 10,000 customers in eight cities. The dental tech startup provides customers at-home, teeth-straightening services using invisible, 3D-printed clear aligner technology.
Clear aligners have emerged as the preferred technology over traditional braces for smile correction, driven by strong adoption in the US and Europe. This trend is rapidly picking up pace in India too, the company said in a release. “The company has seen impressive traction, with revenues growing by 200% over the last six months.”
Partnership with Toothsi demonstrates
“Our partnership with Toothsi demonstrates our continued excitement around consumer-driven healthcare in a post-pandemic world. We are excited by the opportunity that clear aligners present to transform traditional orthodontic technologies and practices,” said Dr. Prem Pavoor, partner and India’s head at Eight Roads Ventures.
With a global market size of $5 billion, clear aligners are gaining popularity in major markets around the world, and India is no exception. “We see immense potential for companies in this industry,” said Shashin Shah, founder, and managing partner of Think Investments.
Follow us on Facebook, Linkedin and Instagram to get timely updates about start-ups
What kind articles you want to see in our website. Please mail us at firstname.lastname@example.org
You also want to feature your start-ups here. No Worries. Call or whatsapp at 8910430165. Please click to know more about us
Chalgenius is not just a media site. It creates more business opportunities for you by connecting you with thousands of potential customers, investors, accelerators and mentors across the country. Come grow your business with us. Contact us at 8910430165 or mail at email@example.com for further details.
Get more stuff like this
Subscribe to our mailing list and get interesting stuff and updates to your email inbox.
Thank you for subscribing.
Something went wrong.