Dental-tech company, Toothsi, has raised Rs 100 crore led by IIFL Tech Large Value Fund and Mahendra Chunilal Shah. Before this, the startup had raised $9 million in a debt financing round by Stride Ventures.

Founded in 2018 by Arpi Mehta, Pravin Shetty, Manjul Jain and Anirudh Kale, Toothsi sells clear teeth aligners at competitive prices to customers at home. The idea of invisible aligners came to Arpi Mehta while she was in Paris. There she saw adults up to the age of 80 get their smiles corrected.

She later partnered with her co-founders who had already been working in the field of lingual Orthodontics. After a year of hard work, they came up with their in-house clear aligner technology. 

The venture started with a personal investment of Rs 5 crore from cofounders and their families. later, they had raised $5 million in their Series A round led by Think Investments. Their Series B round helped raise Rs 1.5 billion by Eight Roads Ventures, Mankekar Family Office and Think Investments.

The Mumbai-headquartered venture has so far designed over 65,000 smile makeover plans. Toothsi’s operating revenue for the FY 2021 saw a jump of 2.88X. Where developed countries receive their first dental consultation at age 7, Indians don’t seek any dental advice till they reach their late teens or early twenties.