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, among others.
In August of last year, the company had raised $20 million in a Series B funding round led by Eight Roads Ventures, Think Investments and 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 gives patients access to straightening teeth at home with invisible 3D-printed clear aligner technology.
It has served more than 140,000 clients in India. It has a pan India network currently of over 2,000 associated dental centers. The company intends to further expand the brand’s availability to Tier II cities in the near future, he said.
“The brand intends 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 CEO of Toothsi. In addition to that, the company plans to invest in robotic automation for aligner manufacturing.
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Toothsi has also expanded its sister brand ‘skinnsi’, which provides at-home laser-assisted cosmetology services. In recent months, the company has also introduced a variety of dental and skin personal care products, including a line of teeth whitening and oral hygiene products, he said in a statement.
“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.