Toothsi Parent MakeO Raises INR 90 Cr to Expand Dental Technology Operations

The Mumbai-based startup will use the fresh capital to expand its offline presence across India and Southeast Asia, strengthen manufacturing operations, and invest in clinical centers, consumer experience, and backend technology.

MakeO, the parent company of clear aligner brand Toothsi, has raised INR 90 crore (approximately $9.4 million) in a funding round led by Singularity AMC, with participation from DSP family office, Genesis, and Unispace Ventures. The Mumbai-based startup will use the fresh capital to expand its offline presence across India and Southeast Asia, strengthen manufacturing operations, and invest in clinical centers, consumer experience, and backend technology.

The company is also evaluating acquisitions of dental care and aligner businesses across India and Southeast Asia as part of its expansion strategy.

The funding follows MakeO’s acquisition agreement for Singapore-headquartered Zenyum, announced in February 2026. In 2025, MakeO acquired Apple Dental for INR 10.9 crore through a cash-and-stock deal. Apple Dental operates 20 clinics across Andhra Pradesh and Telangana.

Following the Zenyum acquisition, the combined business has a network of approximately 1,100 partner dentists across 10 countries and more than 60 offline clinical centers. MakeO has served over 400,000 consumers, according to the company.

MakeO Reports INR 500 Crore Revenue and EBITDA Profitability

Before the latest round, MakeO had raised more than $100 million from investors, including Eight Roads Ventures, 360 ONE Asset, and Paramark Ventures.MakeO said its combined business has crossed INR 500 crore in revenue and achieved EBITDA profitability earlier in 2026. The company aims to double its revenue over the next two to three years.

Founded in 2018 by Arpi Mehta, Pravin Shetty, Manjul Jain, and Anirudh Kal, MakeO initially offered teeth aligners through Toothsi. In 2022, it brought Toothsi and skincare brand Skinnsi under the MakeO umbrella, expanding its services to dental, skin, and hair treatments.

Before the latest round, MakeO had raised more than $100 million from investors, including Eight Roads Ventures, 360 ONE Asset, and Paramark Ventures. Its previous fundraises included INR 100 crore in June 2025 and a $16 million round led by 360 ONE Asset and the investment office of Ashish Kacholia in January 2024.

The funding comes amid projected growth in India’s clear aligner market. According to Market Research Future, the market is expected to grow from $466.99 million in 2025 to $2.83 billion by 2035, at a compound annual growth rate of 19.74%.

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