Dental tech startup Toothsi, operated by AMPA Orthodontics, has raised $5 million in a Series A round of funding, per a company statement.
The round has seen participation from Think Investments – a San Francisco based hedge fund, PharmEasy, the family office of Nimesh Kampani of JM Financial, Siddharth Shah – Co-Founder and CEO at API Holdings (Ascent Health) and Ramakant Sharma – cofounder and COO of LivSpace, Dream 11 amongst others.
The Mumbai-based startup said it will use the funding proceeds to expand to over 15 cities in India, enhance its backend research and development, and invest in technology.
ToothSi, which was formed by a group of orthodontists – Dr. Arpi, Dr. Pravin, Dr. Manjul and Dr. Anirudh, is a direct-to-consumer company that sells clear teeth aligners. It claims to have served over 7500 patients last year and plans to serve over 50,000 patients in a year’s time.
ToothSi has also launched its skincare brand SkinnSi, that sees over 250 patients a month, and will serve over 10,000 patients in the next one year.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from January 6-10, 2021.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|ToothSi||Mumbai||5 million||Series A||-||Think Investments, the family office of JM Financial’s Nimesh Kampani, Siddharth Shah, Ramakant Sharma||Healthcare Specialist||E-commerce|
|Phi Commerce||Pune||4 million||Series A||Beenext||Yatra Angel Network||Financial Services||FinTech|
|Meddo||Gurugram||3 million||Pre-Series A||SRI Capital, Picus Capital||LetsVenture, growX Ventures, Jitendra Gupta, Venture Gurukool||Healthcare Services||HealthTech|
|Finsall||Bengaluru||328,188||Seed||Unicorn India Ventures||SEA Fund, Karthik Sridhar, Tirumala Gudla||Insurance||Insuretech|
|HobSpace||Mumbai||136,666||Pre-Series A1||Inflection Point (IP) Ventures||-||Education/Training||Edtech|
|KiranaKart||Mumbai||729,500||Pre-Seed||Global Founders Capital||Contrary Capital, 2 AM Ventures||Retail||E-commerce|
|OYO||Gurugram||7.4 million||-||Hindustan Media Ventures||-||Real Estate Development & Operating Company||Real Estate Tech|
|Legalwiz||Gujarat||520,100||-||Contcentric It Services||-||Outsourcing||-|
|Vanity Wagon||Gurugram||200,000||Seed||Agility Venture Partners||Dhianu Das, Sanjay Nagi||Retail||E-commerce|
|Practically||Hyderabad||4 million||Pre-Series B||Siana Capital||YourNest Venture Capital, Exfinity Ventures||Education/Training||EdTech|
|iMumz||Bengaluru||300,000||-||Enzia Ventures, Titan Capital, AngelList||-||Healthcare Specialist||HealthTech|