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Tue, 16 Jan 2024 | Moneycontrol

Dermat, dental solutions startup makeO raises $16 million led by 360 ONE Asset

Dermatology and dental solutions startup makeO, on January 9, raised $16 million in a round led by 360 ONE Asset and the investment office of prominent public markets investor, Ashish Kacholia.

In a statement, makeO, the parent company of dental aligner brand toothsi, said that it will use the fresh capital raised to expand its geographic footprint and scale its physical centres.

The company's existing investors including Eight Roads Ventures, South Korea based Paramark Ventures, the family office of Medlife’s co-founders – Prashant Singh and Tushar Kumar, also participated in the round, the company added.

“makeO is on a mission to offer advanced clinical cosmetic solutions to every Indian that helps them look and feel good, and we're excited to join them on this journey,” said Sameer Nath, chief information officer and head, venture capital and private equity, 360 ONE Asset.

"Our mission is to ensure that clinical-grade makeovers are more accessible, affordable and convenient to every Indian. This fundraise is a testament to the trust our investors have in our ability to execute on this vision. The capital will enable us to strengthen our online and offline footprint, offering customers the convenience of accessing our services at their doorstep or through our physical experience centres,” said Dr. Arpi Mehta Shah, founder and CEO, makeO.

The company, which counts prominent celebrities like cricketer Virat Kohli and actor Anushka Sharma as brand ambassadors, currently claims to have served over 150,000 customers across its portfolio of offerings, which in addition to clear aligners and laser hair reduction, also includes acne removal, anti-ageing, teeth whitening and dental hygiene products.