Consumer tech clear aligner brand Toothsi raises $40M in Series C round
Clear aligner technology brand Toothsi has raised $40 million in Series C funding from leading global investment firm Eight Roads Ventures, South Korea-based Paramark, IIFL, and the family office of Medlife co-founders: Prashant Singh and Tushar Kumar. The round also saw the participation of 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.
The company plans to utilise the funds to further scale its technology platform and operations to ensure a seamless customer experience across the treatment journey. Besides that, the company would also invest in robotic automation for aligner manufacturing.
Founded in 2018 by orthodontists Arpi Mehta Shah, Pravin Shetty, Manjul Jain, and Anirudh Kale, Toothsi 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.
Commenting on the latest funding round, Dr Arpi Mehta Shah, co-founder and CEO, 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.”
Dr Prem Pavoor, Senior Partner, Head of India & Healthcare Investments, Eight Roads Ventures, said, “We are pleased to deepen our partnership with Toothsi. Since our first, smaller investment last year, the company has continued its successful transformation into a leading clinical cosmetology brand. We welcome our new co-investors and wish the Toothsi team the best in what is poised to be an exciting year ahead.”
Toothsi’s sister brand ‘Skinnsi’ provides at-home laser-assisted cosmetology services. Over the past few months, the company has also introduced a variety of dental and skin self-care products including an innovative teeth whitening and oral hygiene product line.
The company has partnered with 2,000 partner dental centres across the country. It intends to further expand the Toothsi brand’s availability to tier-II cities in the near future.
Toothsi seems to be a captivating startup with inspiring new development on wellness and fitness services platform. I’m certain this startup would keep on succeeding in its excursion ahead. All the best to the whole group of Toothsi. This will give them an enormous achievement in the future.Shishir Gupta, Founder and CEO, StartupLanes
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
Check out our YouTube channel for insightful content from the Indian startup ecosystem.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.