PE Fund Investments
Dental care startup Smiles.ai raises $23-M from Alpha Wave, others
Indore-based healthcare startup Smiles.ai has raised USD 23 million in Series A funding led by Alpha Wave Global. The round also saw participation from existing investors Sequoia Capital India and Chiratae Ventures. Smiles.ai will use the funds to expand its footprint nationally, strengthen the leadership team, and build dental care solutions. Other investors in the round include US-based healthcare-focused fund MBX Capital (its first investment in India); Wami Capital and angel investors including Peyush Bansal and Amit Chaudhary (co-founders of Lenskart); Aakrit Vaish, co-founder and CEO, Haptik; Revant Bhate, co-founder, Mosaic Wellness; Miten Sampat CSO, CRED; and Sambhav Rakhyan, MD, WTW. The startup leverages proprietary technology and expert healthcare professionals to provide access to dental care products and services, offering a range of services through online consultation, clinic network, and at-home services.
From the Venture Intelligence PE-VC Deal Database: In Nov-20, Smiles.ai had raised less than $1 M from Chiratae Ventures, Sequoia Capital India, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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