Toothsi has raised $40 million in Series C funding from leading global investment firm Eight Roads Ventures, South Korea-based Paramark, IIFL, and the family office of Medlife co-founders: Prashant Singh and Tushar Kumar. The round also saw the participation of existing investors Think Investments and the Mankekar family, and independent angel investors such as Aditya Puri, former managing director of HDFC Bank and Karan Singh, managing partner of Bain & Company's India offices.
The company plans to utilize the funds to further scale its technology platform and operations to ensure a seamless customer experience across the treatment journey. Besides that, the company would also invest in robotic automation for aligner manufacturing.