Toothsi made an announcement to have raised $40 million in a Series C funding round. The round was led by Eight Roads Ventures, South Korea-based Paramark, IIFL, and the family office of Medlife.
The company is planning to utilize the fresh capital in the following ways:
Toothsi was founded by orthodontists Arpi Mehta Shah, Pravin Shetty, Manjul Jain, and Anirudh Kale in the year 2018. Toothsi has offered smile makeovers for 140,000 customers in India, empowering them with access to at-home, new-age teeth straightening techniques with invisible, 3D-printed clear aligner technology.
The company has partnered with 2,000 dental centers across the country. The company is planning to further expand the brand’s availability to tier-II cities in the near future.
Dr. Arpi Mehta Shah, co-founder, and CEO, Toothsi, said, “The brand intends to be the one-stop platform for doctor-directed solutions for cosmetic dentistry and dermatology. The support of our investors has empowered us to bring to life our vision of building a first-of-its-kind clinical beauty technology brand. We, at Toothsi, intend to use this capital to build a great team for further geographic penetration and category expansion.”
Dr. Prem Pavoor, Senior Partner, Head of India & Healthcare Investments, Eight Roads Ventures, said, “We are pleased 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 is poised to be an exciting year ahead.” Toothsi’s sister brand ‘Skinnsi’ 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 an innovative teeth whitening and oral hygiene product line.