Exclusive: Toothsi-parent makeO to acquire Apple Dental

MakeO, the parent of dental tech startup Toothsi and skincare brand Skinnsi is set to acquire Andhra Pradesh-based Apple Oral and Dental Pvt Ltd (Apple Dental), according to regulatory filings reviewed by Entrackr.

As per its filing with the Registrar of Companies (RoC), toothsi’s parent, makeO, will acquire 100% equity in Apple Dental for a total consideration of Rs 10.98 crore through a mix of cash and stock. Apple Dental will operate as a wholly owned subsidiary of makeO.

In addition, makeO will extend a loan of Rs 1.5 crore to Apple Dental at an interest rate of up to 13%.

Apple Dental operates a chain of dental clinics across 20 locations in Andhra Pradesh and Telangana. This acquisition comes as the company seeks to expand its offline presence beyond metro cities.

Queries sent to makeO remained unanswered at the time of publication.

Recently, the Anushka Sharma and Virat Kohli-backed company raised Rs 100 crore (approximately $12 million) from its existing investors, including Siddharth Shah (Co-founder & CEO of PharmEasy), 360 One, Eight Roads Ventures, Paramark Ventures, and others.

Founded in 2018 by Arpi Mehta Shah, Pravin Shetty, Manjul Jain, and Anirudh Kal, MakeO began as the aligner brand Toothsi. In September 2022, it merged its flagship brands, Toothsi and Skinnsi to launch MakeO, offering dental, skin, and hair treatment solutions under a single platform.

According to startup data intelligence platform TheKredible, the Mumbai-based company has raised over $100 million to date including $40 million raised in Series C round in May 2022.

While the company has not yet disclosed its FY25 figures, its operating revenue in FY24 stood at Rs 179 crore, while losses narrowed by 32% to Rs 150 crore during the same period.