Total amount raised
$87 Millions
Latest funding date
Location
Toothsi has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company specializes in providing clear aligners and a range of oral care products.
Keep reading to explore the intricacies of Toothsi's fundraising journey and the investors backing this innovative platform.
What Is Toothsi?
Founded in 2018, Toothsi is a Mumbai-based company specializing in clear aligners and oral care products. The company was established by Anirudha Kale, Arpi Mehta, Manjul Jain, and Pravin Shetty.
Toothsi offers a range of services including virtual monitoring, at-home 3D scans, and experience centers for consultations. Their clear aligners provide a comfortable and removable alternative to traditional braces.
With a workforce of 1001-5000 employees, Toothsi continues to innovate in the field of dental care, making it easier for people to achieve their desired smiles.
How Much Funding Has Toothsi Raised?
- Series A
- Amount Raised: $5M
- Date: January 2021
- Lead Investors: Think Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial scaling and development.
- Series B
- Amount Raised: ₹1.5B
- Date: August 2021
- Lead Investors: Eight Roads Ventures, Mankekar Family Office, Think Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Support growth and expansion.
- Debt Financing
- Amount Raised: $9M
- Date: January 2022
- Lead Investors: Stride Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to support operational costs and expansion.
- Venture Round
- Amount Raised: ₹1B
- Date: March 2022
- Lead Investors: Mahendra Chunilal Shah
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Further geographic penetration and category expansion.
- Series C
- Amount Raised: $40M
- Date: May 2022
- Lead Investors: Eight Roads Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Build a strong team, expand geographically, and broaden category offerings.
Total Amount Raised: $54M + ₹2.5B
Current Valuation: Not publicly disclosed
Key Investors
- Eight Roads Ventures
- Details: Eight Roads Ventures is a global venture capital firm that invests in high-growth technology and healthcare companies.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Alibaba, Appsflyer, Cazoo, Icertis.
- Think Investments
- Details: Think Investments is a global investment firm focusing on public and private equity markets.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Not publicly disclosed.
- Stride Ventures
- Details: Stride Ventures is a venture debt firm that provides flexible financing solutions to high-growth startups.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Not publicly disclosed.
- Mankekar Family Office
- Details: The Mankekar Family Office is known for its diverse investments across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Not publicly disclosed.
- Family Office of Medlife Cofounders (Prashant Singh and Tushar Kumar)
- Details: This family office belongs to the cofounders of Medlife, a prominent healthcare company.
- Investment Focus Areas: Healthcare, technology, consumer sectors.
- Notable Investments: Not publicly disclosed.
What's Next for Toothsi?
Toothsi is poised for significant growth, with opportunities in geographic expansion and category diversification. The company plans to penetrate tier-II cities and invest in robotic automation for aligner manufacturing. This expansion could tap into a vast market, given the increasing demand for at-home healthcare solutions and cosmetic treatments.
Future fundraising seems likely as Toothsi continues to attract investor interest. The recent $40 million Series C round indicates strong confidence in their growth potential. However, challenges such as market competition and regulatory hurdles could pose obstacles. Ensuring consistent quality and customer satisfaction will be crucial as the company scales.
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