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Dental startup Toothsi gets $40M to expand its geographic reach, offerings

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Toothsi has received $40 million in funding from Eight Roads Ventures, South Korean-based Paramark, and IIFL, among others. The money will be used to expand the dentistry startup’s geographic reach and category offerings.

Toothsi, a dental business, has secured $40 million in funding from investors including Eight Roads Ventures, South Korea-based Paramark, and IIFL. Customers can straighten their teeth at home using invisible, 3D-printed clear aligner technology, according to the company. According to a press statement, the cash will be used to further global penetration and category expansion.

Other investors in the round included the family offices of Medlife cofounders Prashant Singh and Tushar Kumar, as well as current investors Think Investments and the Mankekar family office.

The firm raised $20 million in a Series B fundraising round headed by Eight Roads Ventures, Think Investments, and the Mankekar Family Office in August of last year. Previously, toothsi raised $5 million in Series A funding in January 2021.

Toothsi, founded in 2018 by orthodontists Arpi Mehta Shah, Pravin Shetty, Manjul Jain, and Anirudh Kale, offers at-home teeth straightening using invisible, 3D-printed transparent aligner technology. In India, it has served over 140,000 consumers. It currently has a pan-India network of over 2,000 partner dentistry centers. According to the corporation, it plans to expand the brand’s distribution to tier-II cities in the near future.

Toothsi’s cofounder and CEO, Arpi Mehta Shah, stated, “The brand intends to be a one-stop shop for doctor-directed cosmetic dental and dermatology solutions. We want to use this cash to establish a terrific team for further geographic penetration and category expansion.”

Aside from that, the company intends to invest in robotic automation for aligner production. Toothsi has also expanded its sister brand ‘skinnsi,’ which offers laser-assisted cosmetology services in the comfort of one’s own home. According to a press release, the company has also developed a variety of dental and skin self-care items, including a tooth whitening and oral hygiene product line, in recent months.

Dr. Prem Pavoor, senior partner and head of India & Healthcare Investments at Eight Roads Ventures, said, “Since our first, smaller investment last year, the firm has successfully transformed into a leading clinical cosmetology brand.”

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