Dental care start up smiles.ai raises $ 23 millions from Alpha wave, sequoia India
- ByStartupStory | January 24, 2022
Dental care start up Smiles.ai said that it has raised $ 23 million in a funding round led by Alpha Wave incubation, which is managed by falcon Edge capital, with participation from existing investors Sequoia Capital India and chriatae Ventures.
Other investors in the round include MBX Capital, Wami capital and angel investors- Peyush Bansal & Amit Chaudhary, Aakrit Vaish, Revant Bhate, miten Sampat, Sambhav Rakhyan
The funding also labels the US- based healthcare – focused fund, MBX Capital’s first investment in India.
The funding round comes within a year of the company raising a $1 million seed round co- led by sequoia Capital India and Chirtae Ventures with participation from angels and family offices.
Smiles. Ai said it will deploy this funding towards expanding its foot print nationally, strengthening the leadership team, and building tech- Driven dental care solutions.
Smiles. Ai said it makes use of proprietary technology and proficient health care professionals to furnish high quality access and cost effective dental care products and services.
One of the primary focus areas of the company is Invisible Aligner treatment which has emerged as the preferred technology over traditional braces for smile correction.
“ India’s dental care market has endured highly shattered and without consequential technological disruption for decades.
However, now with increasing awareness, increasing disposable income and rising millennial aspirations, the Industry is going through a transition and we are leading this change in India by combining dental care operations and technology expertises.
Using technology as a key driver the differentiator, smiles is poised to disarray the market and establish itself as a market leader while maintaining its capital efficiency, “ said Anirudh Singh, managing director, Alpha Wave Incubation.
Lastly, we believe the opportunity here is global and we will work with the company to take them to other markets such as the Middle East and North Africa.
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