Transparent Alignment Technology Mark Dentsi raised $40 million in a Series C funding from leading global investment firm Eight Roads Ventures, South Korean company Paramark, the IIFL and the family office of the co-founders of Medlife: Prashant Singh and Tushar Kumar. The round also saw participation from existing investors Think about investments and the Mankekar familyand independent angel investors such as Aditya Puri, former managing director of HDFC Bank and Karan Singh, managing partner of Bain & Company’s Indian offices.
The company plans to use the funds to scale its technology platform and operations to ensure a seamless customer experience throughout the processing journey. In addition to this, the company would also invest in robotic automation for manufacturing the aligners.
Founded in 2018 by orthodontists Arpi Mehta Shah, Pravin Shetty, Manjul Jain and Anirudh Kale, Toothsi has facilitated smile transformations for 140,000 clients in India, enabling them to access new-age teeth straightening at home using invisible 3D printed clear aligner technology.
Commenting on the latest round of funding, Dr. Arpi Mehta Shah, Co-Founder and CEO, Toothsimentioned, “The brand intends to be the one-stop platform for physician-led solutions for cosmetic dentistry and dermatology. The support of our investors has enabled us to achieve our vision of creating a one-of-a-kind clinical beauty technology brand. At Toothsi, we intend to use this capital to build a great team to continue geographic penetration and category expansion.
Dr. Prem Pavoor, Senior Partner, Head of India and Healthcare Investments, Eight Roads Venturesmentioned, “We are delighted 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 promises to be an exciting year ahead.
Toothsi’s sister brand, “Skinnsi”, offers in-home laser-assisted cosmetology services. In recent months, the company has also launched a variety of dental and skin self-care products, including an innovative line of teeth whitening and oral hygiene products.
The company has partnered with 2,000 partner dental centers across the country. He intends to further expand the availability of the Toothsi brand to Tier II cities in the near future.