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    Mumbai: Piscium has raised Rs 6 crore in Series A round led by Unicorn India Ventures. The funds raised would be used for strengthening the sales & marketing team, brand building, scale up production & operations and launch international business.

    The company aims to deliver through its research, products that take the dental and medical practitioner’s craft to a whole new level. Chronic & stress-related diseases such as diabetes are undoubtedly on the rise in India, as is the frequency of dental ailments. The start-up is creating a platform for reaching out to the largest patient pool for dentistry by manufacturing various dental products like Alpha Nano Diamond Burs, Epsilon Burs, Alginates and many more.

    Malay Dikshit, Founder & CEO, Piscium, said, “Unicorn India Ventures agreeing to come on board to fund our series A round gives us the much-needed impetus and backing to scale up the business into an internationally renowned dental and medical device company in the near future. We also wish to thank SINE-IITB, BIRAC, friends, and investors who supported and invested in us in our early days. By 2027, over 300k dentists across five continents would be using Piscium’s products, as we believe that scientific acumen, strong innovation pipeline, and an equally strong route to market would be our principal growth drivers.”Since the last round, the company has enhanced its manufacturing capabilities and vendor ecosystem, developed and launched a wider product range, marking its presence in over 10 states and made inroads in government e-marketplace. It has also piloted its marketing strategies to further scale up.

    Commenting on the investment, Anil Joshi, Managing Partner, Unicorn India Ventures, said, The prevalence of chronic & stress-related diseases is escalating, with medical research highlighting a significant uptick in such cases. At Unicorn, our comprehensive analysis of this sector led to our investment decision, particularly witnessing the company’s rapid growth fuelled by its innovative products. These patented innovations have received widespread acceptance within the dental community and exhibit extensive potential for global market expansion. Piscium is also actively building its OEM business and forging strategic partnerships. We strongly believe that Piscium’s future innovations in this domain will unlock substantial growth opportunities.”

    The company is building its domestic route to market by strengthening its sales force, appointing distributors in every major town and focusing on government procurement. As volumes grow, the start-up is also developing its vendor ecosystem to deliver precision and quality.

    • Published On Feb 7, 2024 at 03:20 PM IST

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