A dental technology startup Toothsi announced on January 21 that it had raised $9 million in a venture debt round from Stride Ventures, just four months after raising a Series B round headed by Eight Roads Ventures.
Arpi Mehta, Pravin Shetty, Manjul Jain, and Anirudh Kale, orthodontists, founded the company in 2018 to provide clients clear aligners as an alternative to traditional braces. It customises aligners and claims to have created over 65,000 plans to date, with a five-fold year-over-year increase in fiscal year 2021.
Because of its invisibility, clear aligners have become a popular alternative to traditional metal braces. Toothsi is likely to compete with Align Technology, which makes Invisalign braces and is based in San Jose.
The company intends to fund the capital in improving technology, geographical expansion and brand enhancement.
“Their disruptive solution to orthodontic issues in the form of customisable invisible aligners has been creating waves in this consumer-driven space and has captured 35 percent market share,” Singh said. Stride is investing through its Stride Ventures India Fund II.
Toothsi also sells oral-care items like sonic toothbrushes, teeth whitening kits, and aligner accessories in addition to orthodontic equipment.
Skinnsi, a company that provides laser hair removal and skin treatments at home, was recently launched as part of the company’s diversification into the skincare industry.
In August, Toothsi secured $20 million from Eight Roads Ventures, Think Investments, and the Mankekar Family Office in a round led by them.