Other investors who participated in the round include the family office of Medlife cofounders – Prashant Singh and Tushar Kumar and existing investors Think Investments and the Mankekar family office among others.
In August last year, the firm 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.
Found in 2018 by orthodontists, Arpi Mehta Shah, Pravin Shetty, Manjul Jain, and Anirudh Kale, Toothsi provides patients with access to at-home, teeth straightening with invisible, 3D-printed clear aligner technology.
It has served over 140,000 customers in India. It has a pan India network currently of more than 2,000 partner dental centres. The company intends to further expand the brand’s availability to tier-II cities in the near future, it said.
“The brand intends to be the one-stop platform for doctor-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 category expansion,” said Arpi Mehta Shah, cofounder and chief executive officer (CEO), Toothsi. Besides that, the company plans to invest in robotic automation for aligner manufacturing.
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Toothsi has also scaled up its sister brand ‘skinnsi’ which 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 a tooth whitening and oral hygiene product line, it said in a release.
“Since our first, smaller 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.