Mumbai: The toothsi brand, which refers directly to consumers, said on Friday that it had raised $ 20 million in a series of B-funding rounds and that it would use the money to strengthen its technology infrastructure and expand its footprint in the country. .
Founded in 2018 by orthodontists Dr Arpi Mehta, Dr Pravin Shetty, Dr Manjul Jain and Dr Anirudh Kale, Tothsi offers clients access to home, new age stands, with invisible, 3D-printed, clear alignment technology.
To date, it has provided services to more than 10,000 clients in eight cities in India.
“By combining a world-class orthodontic tradition with the most innovative backbone of technology and a vertically integrated business model, we anticipate that tandsi will become the global destination for smile transformation,” said Dr Mehta, co-founder and CEO of toothsi .
The final round was led by Eight Roads Ventures, a global investment firm backed by Fidelity, Think Investments in the US and the Mankekar Family Office.
The company previously raised $ 5 million as part of Series A funding in January this year.
Clear alignment signs have emerged as the preferred technology over the traditional props for smile correction, driven by strong acceptance in the US and Europe, and the trend is rapidly gaining momentum in India.
Consumers can easily remove their aligners before a meal or attend special events, as opposed to the limitations of traditional orthodontic treatment.
The company said it had experienced impressive traction, with revenue rising 200 percent over the past six months.
“We are excited about the opportunity offered by clear confessors to transform traditional orthodontic technologies and practices,” said Dr Prem Pavoor, partner and head of India, Eight Roads Ventures.
The company said it would leverage the capital infusion to scale to new cities across the country.
Source: Telangana Today