Health and wellness platform toothsi, which is part of its parent company AMPA Orthodontics Pvt Ltd, has raised $5 million in Series A round. The round has seen participation from Think Investments – a San Francisco-based hedge fund, the family office of JM Financial’s Nimesh Kampani, Siddharth Shah, Co-founder and CEO at API Holdings (Ascent Health), and Ramakant Sharma, Co-founder and COO of LivSpace. The Mumbai-based startup has also launched its skincare platform, skinnsi, that is being used by over 250 customers monthly, serving more than 10,000 customers over the year, and has already launched at-home laser hair removal services. According to sources, the company’s contribution margin is positive and is growing at 30 percent month-on-month. Siddharth Shah, Co-founder at API Holdings (Ascent Health), said: “We are truly impressed by Dr Arpi and her team’s leadership in creating a category in India that’s combined technology with healthcare services and caters to the demand of India today.
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