New Delhi, Oct. 13 -- MakeO, the parent of dental care brand Toothsi and skincare brand Skinni, has secured Rs 90 crore ($9.4 million) in a funding round led by Singularity AMC to scale its consumer dental technology platform, the company said on Tuesday.
The round also saw participation from funds and family offices, including DSP Family Office, Genesis and Unispace Ventures, according to a statement.
Arpi Mehta, group CEO and co-founder of MakeO, said the fresh funding will support the company's organic and inorganic offline expansion across India and Southeast Asia.
"It will allow us to invest in and strengthen our end-to-end platform across consumer experience, clinical centres, backend technology, and manufacturing facilities," Mehta said.
The funding will also support its manufacturing strategy in Mumbai, where it operates its largest integrated facility for clear aligners, with an annual production capacity of over one million aligners. The facility serves dentists and consumers across more than 150 Indian cities and exports to over 10 countries through the Toothsi and Zenyum networks.
"This raise enhances our ability to design and manufacture world-class products using the best of the 3D printing technologies and robotic automation in Mumbai and deliver them across over 100 cities in India and over 10 countries globally," said Manjul Jain, co-founder of MakeO.
The latest funding comes roughly eight months after MakeO acquired Singapore-based consumer dental care firm Zenyum, a deal that helped position it as a pan-Asian dental care platform. Last year, it also acquired Apple Dental, a dental clinic chain operating in Andhra Pradesh and Telangana.
After these acquisitions, the company operates a combined network of about 1,100 partner dentists across 10 countries, including India, Singapore, Malaysia, Vietnam, Taiwan, Hong Kong, and Japan.
MakeO was founded in 2018 by orthodontists Mehta, Jain, Pravin Shetty and Anirudh Kale as a digital-first clinical makeover platform offering smile, skin, and hair treatment solutions. Its Toothsi brand offers doctor-led, customised invisible aligner treatments, priced comparable to traditional braces. It operates over 60 clinical centres across India.
In 2024, it raised $16 million (Rs 135 crore then) in a round led by 360 ONE Asset and the investment office of public markets investor Ashish Kacholia. Existing investors Eight Roads Ventures, South Korea-based Paramark Ventures, the family office of Medlife co-founders Prashant Singh and Tushar Kumar also participated in the round.
In January 2020, it had raised $5 million in its Series A round from Think Investments and others. This was followed by a $20-million Series B round led by Eight Roads Ventures in August 2021, and a Series C round in 2022 backed by investors such as Eight Road Ventures and IIFL.
Published by HT Digital Content Services with permission from VC Circle.