About NovoAlign
NovoAlign is a Healthcare company based in Mumbai (India) founded in 2016. Invisible dental aligners are manufactured by NovoAlign for orthodontic use. NovoAlign has raised $41.02 thousand across 2 funding rounds from investors including Mani Verma, K Maheshwari and Reena Shrivastava. NovoAlign was last valued at $219.63 thousand in April 2020. Its Indian entity Nova Orthoalign Private Limited reported revenue of ₹3.32 Cr. Its focus areas include Life Sciences, Dental Disorders, Medical Devices and Therapeutic Devices.
Company details
NovoAlign was founded in 2016 and is headquartered in Mumbai, India. Invisible aligners are produced by the company within the dental sector, focusing on orthodontic solutions for teeth straightening. Manufacturing operations are conducted to create custom-fit devices, with distribution handled through the domain novoalign.com. The firm serves markets primarily in India, emphasizing accessible dental alignment products for professional and consumer applications.
- Headquarters Mumbai, India
- SectorsHealthcare
- Email••••••••
- Website novoalign.com
- Social LinkedIn Facebook
- Legal Name Nova Orthoalign Private Limited
- Date of Incorporation 05 Dec, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3.32 Cr
FY 2024 · +14% YoY
- Net Profit₹9.4 Lakh
FY 2024 · 3% margin
- EBITDA₹15.2 Lakh
FY 2024 · 5% margin
- Total Equity Funding$41.02K (USD)
in 2 rounds
- Latest Funding Round$13.76K (USD), Angel Round
Apr 2020
Associated legal entities of NovoAlign
NovoAlign operates through Nova Orthoalign Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nova Orthoalign Private Limited CIN U33309MH2017PTC302478 | Active | 05 Dec 2017 | Mumbai, Maharashtra | ₹3.3 Cr | 2 | View details |
Funding Insights of NovoAlign
NovoAlign has successfully raised a total of $41.02K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $13.76 thousand completed in April 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $41,016
- Total Rounds 2
- Last Round Angel Round — $13,755
- First Round $27,261
(Nov 2018)
- Investors Count 10
All 2 funding rounds of NovoAlign with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2020 | $13,755 | Angel Round | $219,635 | Mani Verma, K Maheshwari | |
| Nov 2018 | $27,261 | Angel Round | $220,377 | Sumitra Jain |
Last known valuation $219,635 (Apr 2020). 10 investors in total: 0 institutional and 10 angel.
Investors in NovoAlign
NovoAlign has secured backing from 10 investors, including angel investors. Prominent investors backing the company include Mani Verma, K Maheshwari and Reena Shrivastava.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
MV Mani Verma | unknown_7dac028866954afd8 | |||
KM K Maheshwari | unknown_c21d60acde7a421da | |||
RS Reena Shrivastava | unknown_c41da5f4680f47108 | |||
AL Anju Loomba | unknown_7018b816bf30407c8 | |||
HC Hiren Chauhan | unknown_6069b43b2222428f8 | |||
SJ Sumitra Jain | unknown_97289d62ada04a488 | |||
PD Parag Dabke | unknown_d3df82d78872411e8 | |||
DV Dhiraj Vinaykia | unknown_dfdfb7b0dd814b469 | |||
PS Pushpalata Shukla | unknown_7044d8922ff342ab8 | |||
IE Ivan Esra | unknown_ee40c0f6f36f44c9b |
Investor details for NovoAlign
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Nova Orthoalign Private Limited (NovoAlign)
Nova Orthoalign Private Limited is the primary company behind NovoAlign. The board of Nova Orthoalign Private Limited currently have 2 directors; the longest-serving is Anand Tuteja, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anand Tuteja DIN 07990261 | Director | 05 Dec 2017 | 8 yrs 10 mo | Nova Orthoalign Private Limited |
| Babulal Jeevraj Jain DIN 03640286 | Director | 05 Dec 2017 | 8 yrs 10 mo | Nova Orthoalign Private Limited |
Financials of NovoAlign
Figures of Nova Orthoalign Private Limited, the primary company behind NovoAlign, for FY 2024. Revenue was ₹3.32 Cr (+14% year on year). Net profit was ₹9.4 Lakh (3% margin). EBITDA was ₹15.2 Lakh (5% margin). Revenue has grown at a compounded annual rate of +21% over three years and +22% over five years.
- ₹3.32 CrRevenue · FY 2024 · +14% YoY
- ₹9.4 LakhNet profit · 3% margin
- ₹15.2 LakhEBITDA · 5% margin
- ₹16.8 LakhPaid-up capital
- +21%Revenue CAGR, 3 years
- +22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nova Orthoalign Private Limited are on its company page.
Detailed financial statements for NovoAlign
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of NovoAlign
3 dated milestones of NovoAlign across 4 years, from founding to its latest funding, stage changes and deals.
- Founded NovoAlign is founded.
- Funding First funding round of $27K.
- Funding Latest funding round, Angel Round, of $14K.
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Frequently Asked Questions about NovoAlign
NovoAlign was founded in 2016 and raised its 1st funding round 2 years after it was founded.
NovoAlign is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
NovoAlign is a funded company, having raised a total of $41.02K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $27.26K, raised on Nov 2018.
The primary company behind NovoAlign, Nova Orthoalign Private Limited, reported revenue of ₹3.32 Cr for FY 2024, up 14% year on year.
NovoAlign was founded in 2016 and is headquartered in Mumbai, India. Invisible aligners are produced by the company within the dental sector, focusing on orthodontic solutions for teeth straightening. Manufacturing operations are conducted to create custom-fit devices, with distribution handled through the domain novoalign.com. The firm serves markets primarily in India, emphasizing accessible dental alignment products for professional and consumer applications.
NovoAlign has 10 investors. Key investors include Mani Verma, K Maheshwari, Reena Shrivastava, Anju Loomba, and Hiren Chauhan.
The valuation of NovoAlign is $219.63K as of Apr 2020.
NovoAlign operates through Nova Orthoalign Private Limited.
The legal entities of NovoAlign currently have 2 directors, including Anand Tuteja, Babulal Jeevraj Jain.