Dental care startup Smiles.ai raised $23 million in Series A led by Alpha Wave Incubation, where existing investors Sequoia Capital India and Chiratae Ventures participated along with MBX Capital and Wami Capital. Angel investors Peyush Bansal and Amit Chaudhary (Lenskart), Aakrit Vaish (Haptik), Revant Bhate (Mosaic Wellness), Miten Sampat (CRED) and Sambhav Rakhyan (WTW)
Founded in 2019 by Hitesh Kakrani and Jatin Kakrani, Smiles.ai offers dental care products and services to its customers with its proprietary technology platforms and onboarded healthcare professionals, will now deploy funds towards expanding its national footprint, strengthening leadership team and building new tech-driven dental solutions.
“India’s dental care market has remained highly fragmented and without any significant technological disruption for decades. However, now with increasing awareness, increasing disposable income and rising millennial aspirations, the industry is going through a transition and we are leading this change in India by combining dental care, operations and technology expertise ” said Hitesh Kakrani, cofounder of Smiles.ai.