[Funding alert] Health and wellness startup toothsi raises $5M in Series A round
The health and wellness platform will use the funds to scale to over 15 cities in India, enhance its backend R&D, and invest in technology.
Friday January 08, 2021,
2 min Read
Health and wellness platform toothsi, which is part of its parent company AMPA Orthodontics Pvt Ltd, has raised $5 million in Series A round.
The round has seen participation from Think Investments – a San Francisco-based hedge fund, the family office of JM Financial’s Nimesh Kampani, Siddharth Shah, Co-founder and CEO at API Holdings (Ascent Health), and Ramakant Sharma, Co-founder and COO of.
Founded by orthodontists Dr Arpi Mehta, Dr Pravin Shetty, Dr Manjul Jain, and Dr Anirudh Kale, toothsi is a D2C aligner company which served over 7,500 customers last year, and plans to serve more than 50,000 customers in the coming year.
The Mumbai-based startup has also launched its skincare platform, skinnsi, that is being used by over 250 customers monthly, serving more than 10,000 customers over the year, and has already launched at-home laser hair removal services. In addition to this, the company will soon be launching additional at-home services. According to sources, the company’s contribution margin is positive and is growing at 30 percent month-on-month.
The company’s Founder and CEO, Dr Arpi, said:
“We are a full-stack company which uses our own technology to manage the at-home service, and have a panel of doctors for consultations. There is an expert team of planners who have their own lab that ensures the customers get a world-class experience at home. We want to be the go-to destination for any at-home beauty and wellness services, provided under scientific and medical guidance.”
The company will be led by a group of four women – Manori Mehta, Shuchita Wadhwa, Dr Shatabdi Banerjee, and Dr Jill Chitalia – who have joined the founding team to take the journey ahead.
Siddharth Shah, Co-founder at API Holdings (Ascent Health), said: “We are truly impressed by Dr Arpi and her team’s leadership in creating a category in India that’s combined technology with healthcare services and caters to the demand of India today. We are extremely impressed with their growth and look forward to a long-term partnership.”
Edited by Kanishk Singh