About Smiles.ai
Smiles.ai is a company based in Bengaluru (India) founded in 2019 by Jatin Kakrani and Hitesh Kakrani.. Smiles.ai has raised $24 million across 3 funding rounds from investors including Peak XV Partners, Alpha Wave Global and Chiratae Ventures. The company has 245 employees as of April 02, 2024. Smiles.ai offers products and services including Aligners, Dental Implants, and Root Canal. Smiles.ai operates in a competitive market with competitors including Clove Dental, Sabka Dentist, Dezy, Dentzz Dental and MyDentist, among others.
- Headquarter Bengaluru, India
- Employees 245 as on 02 Apr, 2024
- Founders Jatin Kakrani, Hitesh Kakrani
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Abita Innovations Private Limited
- Date of Incorporation 09 Jul, 2018
- Jurisdiction Indore, Madhya Pradesh, India
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Annual Revenue
$2.31 M (USD)1849.64as on Mar 31, 2023
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Net Profit
$-4.37 M (USD)-5787.97as on Mar 31, 2023
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EBITDA
$-4.76 M (USD)-5940.24as on Mar 31, 2023
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Total Equity Funding
$24 M (USD)
in 3 rounds
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Latest Funding Round
$23 M (USD), Series A
Jan 23, 2022
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Investors
Peak XV Partners
& 11 more
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Employee Count
245
as on Apr 02, 2024
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Products & Services of Smiles.ai
Smiles.ai offers a comprehensive portfolio of products and services, including Aligners, Dental Implants, and Root Canal. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Invisible aligners for correcting misaligned teeth.
Implants to replace missing teeth effectively.
Treatment for infected tooth pulp to save teeth.
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Funding Insights of Smiles.ai
Smiles.ai has successfully raised a total of $24M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $23 million completed in January 2022. 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 Total Funding
- Total Rounds 3
- Last Round Series A — $23.0M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - Smiles.ai | Valuation | Alpha Wave Global | |
| Jun, 2021 | Amount | Seed - Smiles.ai | Valuation | Peak XV Partners | |
| Jun, 2019 | Amount | Seed - Smiles.ai | Valuation | 100X.VC |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Smiles.ai
Smiles.ai has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include Peak XV Partners, Alpha Wave Global and Chiratae Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on growth-stage companies
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Founded Year | Domain | Location | |
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed-stage startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Smiles.ai
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Smiles.ai
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Smiles.Ai Comparisons
Competitors of Smiles.ai
Smiles.ai operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Clove Dental, Sabka Dentist, Dezy, Dentzz Dental and MyDentist, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Chain of dental clinics offering general and specialized dentistry services.
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| domain | founded_year | HQ Location |
A chain of dental clinics is operated to provide treatments.
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| domain | founded_year | HQ Location |
Comprehensive dental services are provided by a chain of clinics.
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| domain | founded_year | HQ Location |
A chain of dental clinics is operated across India.
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| domain | founded_year | HQ Location |
Dental clinics are operated as a chain across India.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Smiles.Ai
Frequently Asked Questions about Smiles.ai
When was Smiles.ai founded?
Smiles.ai was founded in 2019.
Where is Smiles.ai located?
Smiles.ai is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Smiles.ai?
Hitesh Kakrani is the current CEO of Smiles.ai. They have also founded this company.
Is Smiles.ai a funded company?
Smiles.ai is a funded company, having raised a total of $24M across 3 funding rounds to date.
How many employees does Smiles.ai have?
As of Apr 02, 2024, the latest employee count at Smiles.ai is 245.
What is the annual revenue of Smiles.ai?
Annual revenue of Smiles.ai is $2.31M as on Mar 31, 2023.
What does Smiles.ai do?
Smiles.ai was founded in 2019 in Bengaluru, India, as a chain of dental clinics focused on orthodontic treatments. Clear teeth aligners and invisible braces are offered, with AI technology and 3D printing employed for customized solutions. Operations are centered in the healthcare sector, serving patients through specialized clinic networks in the region.
Who are the top competitors of Smiles.ai?
Smiles.ai's top competitors include Clove Dental, Dezy and Sabka Dentist.
What products or services does Smiles.ai offer?
Smiles.ai offers Aligners, Dental Implants, and Root Canal.
Who are Smiles.ai's investors?
Smiles.ai has 12 investors. Key investors include Peak XV Partners, Alpha Wave Global, Chiratae Ventures, MBX Capital, and WAMI Capital.