MakeO, the Mumbai-based parent of Toothsi, has raised ₹90 crore ($9.4 million) in a funding round to accelerate its expansion across India and Southeast Asia. The capital will support offline clinic growth, strengthen manufacturing, and invest in technology and customer experience.
- Raised ₹90 crore to expand in India and Southeast Asia
- Acquired Singapore’s Zenyum and Apple Dental chain
- Plans to double revenue amid clear aligner market growth
What happened
MakeO, the parent company of the clear aligner brand Toothsi, announced a ₹90 crore (approximately $9.4 million) funding round led by Singularity AMC with participation from DSP family office, Genesis, and Unispace Ventures. The Mumbai-based startup plans to use this fresh capital to expand its offline presence across India and Southeast Asia, enhance its manufacturing capabilities, and invest in consumer experience, clinical centers, and backend technology.
This funding round comes on the heels of MakeO’s acquisition of Singapore-headquartered Zenyum, which broadened its Southeast Asia presence, and the purchase of Apple Dental, a dental clinic chain operating in Andhra Pradesh and Telangana. The combined group now encompasses around 1,100 partner dentists across 10 countries and operates over 60 offline clinical centers, serving over 400,000 consumers.
Why it matters
MakeO’s strategic acquisitions and fresh funding inject momentum into its goal of becoming a dominant provider of dental and aesthetic solutions in India and Southeast Asia. By integrating dental, skin, and hair treatments under one platform, MakeO aims to offer a seamless consumer experience and capitalize on cross-industry demand.
The clear aligner market in India is expected to grow from $467 million in 2025 to nearly $2.83 billion by 2035, driven by increasing awareness and adoption of orthodontic treatments. MakeO’s expanded clinic network and manufacturing capabilities position it well to capture this growth, with the company already reporting over ₹500 crore in revenue and achieving EBITDA profitability earlier this year.
What to watch next
Going forward, MakeO plans to accelerate its offline expansion through additional acquisitions of dental and aligner businesses in India and Southeast Asia. How successfully the company integrates these businesses and scales operations will be crucial to maintaining competitive advantage in this growing market.
Market observers should watch for MakeO’s technological advancements in treatment delivery and consumer experience, as well as its ability to double revenues in the next two to three years. Its performance may also influence investor appetite for the broader dental aesthetics sector across these regions.