Toothsi, an Indian dental startup has raised $40 million in funding from Eight Roads Ventures, South Korea-based Paramark, IIFL, among others.
The company provides customers with access to at-home teeth straightening with invisible, 3D-printed clear aligner technology.
It will use the funds to further its geographic penetration and for category expansion, it said in a release.
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.
Founded 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 centers. The company intends to further expand the brand’s availability to tier-II cities in the near future, it said.
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