Dental tech startup Toothsi raises $9 million in debt funding
- ByTejika Bajaj | January 22, 2022
Dental tech startup Toothsi has recently revealed that it has obtained a sum of $9 million in debt funding from Stride Ventures. Surprisingly, this announcement comes just four months after the startup had raised its Series B round of funding led by Eight Roads Ventures.
With the recent round of funding, the startup intends to deploy the proceeds to invest in modern and consumer centric technologies and automation. Furthermore, the startup also intends to expand its footprint across varied geographies, strength its brand and create a clinical brand category in the country.
“We have carved out a niche for ourselves in the Indian market in just three years, and our business has expanded five-fold. We aim to leverage our health tech doctor directed platform to provide Indians the opportunity to improve their appearance and feel more confident in social situations. Our partnership with Stride Ventures will enable us to reach new heights and enhance customer experience,” Dr. Arpi Mehta, co-founder and CEO, Toothsi, said.
Founded in 2018 by orthodontists Arpi Mehta, Pravin Shetty, Manjul Jain, and Anirudh Kale, the company offers customers clear aligners, an alternative to conventional braces. It customises aligners and claims to have designed over 65,000 plans so far with a five-fold year-on-year growth in the financial year 2021.
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