Mumbai: AMPA Orthodontics Pvt Ltd, which operates tech-infused dental care brand Toothsi, has raised $5 million (Rs 36.6 crore) in Series A fundraising.
Investors in this round include San Francisco-based hedge fund Think Investments and the family office of JM Financial chairman Nimesh Kampani. Others include Siddharth Shah, co-founder and chief executive of API Holdings, and Ramakant Sharma, co-founder and operations chief of Livspace.
Toothsi was set up in 2018 by Arpi Mehta, Pravin Shetty, Manjul Jain and Anirudh Kale, all of whom are orthodontists.
It also operates a skincare brand, SkinnSi. The Mumbai-based company will use the capital it has raised to expand to over 15 cities in the country and enhance its technological infrastructure, among other things.