MakeO secures US$10M to scale Zenyum’s dentist network across Asia
India’s MakeO has raised US$10 million in a round led by Singularity AMC, with unnamed funds and family offices also participating, eight months after the Mumbai-headquartered dental aligner company agreed to absorb Singapore’s Zenyum. The cheque, disclosed in a statement on October 13, is modest by the standards of the clear aligner category’s go-go years. […] The post MakeO secures US$10M to…
MakeO, an Indian dental aligner company, has secured US$10 million in funding to expand Zenyum's dentist network across Asia. The investment was led by Singapore's Singularity AMC, with additional contributions from unnamed funds and family offices. Despite the modest size of the round in comparison to the clear aligner category's past, the company now boasts an annual recurring revenue (ARR) of over SGD70 million and maintains profitability on an EBITDA basis.
The financing will be allocated towards expanding Zenyum's dentist network, enhancing technology, and increasing manufacturing capacity. Additionally, Zenyum is exploring potential acquisitions across India and other parts of Asia, indicating that the company's expansion plans are far from complete. The combined group currently collaborates with approximately 1,100 partner dentists across several Asian countries, including India, Singapore, Malaysia, Vietnam, Taiwan, Hong Kong, and Japan.
Written by urgent.news from e27's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
