Touchstone Partners: Advises Toothsi Fundraise Led by Singularity AMC

• MakeO Healthcare Technologies, operating as Toothsi, successfully completed a multi-investor capital raise led by Singularity AMC.
• DSP Family Office, Genesis Ventures, and several individual angel investors also participated in the fundraise.
• Touchstone Partners provided legal counsel to Toothsi for the fundraise and separately advised Genesis Ventures on its investment.
• The Touchstone Partners team included Partner Pranay Bagdi, Counsel Pranjal Doshi, and Associate Neelima Hande.
• Earlier this year, Touchstone Partners also advised Toothsi on its acquisition of Zenyum Pte. Ltd.

The continuous involvement of Touchstone Partners in key transactions for Toothsi, from acquisitions to capital raises, highlights their specialized knowledge and active presence in the Indian healthcare technology investment space.

MakeO Healthcare Technologies Private Limited, operating under the brand name Toothsi, has successfully concluded a significant capital raise. This fundraise saw substantial investment, with Singularity AMC leading the round. The transaction also garnered participation from other notable entities, including DSP Family Office and Genesis Ventures, alongside contributions from several individual angel investors.

This capital infusion is a crucial development for Toothsi, enabling the company to further its objectives within the competitive healthcare technology landscape. The multi-investor structure of the fundraise highlights broad confidence in Toothsi's business model and growth trajectory. The successful completion of this MakeO Healthcare Technologies capital raise underscores the ongoing dynamism in the Indian startup ecosystem, particularly within the health tech sector.

The complex multi-investor fundraise for Toothsi was facilitated by comprehensive legal advisory services provided by Touchstone Partners. The firm played a dual role in this transaction, offering counsel to Toothsi throughout the capital raising process. Additionally, Touchstone Partners advised Genesis Ventures specifically on their investment in Toothsi, demonstrating their capacity to represent multiple parties in a single deal while managing potential conflicts.

The Touchstone Partners team responsible for navigating this intricate transaction included Partner Pranay Bagdi, Counsel Pranjal Doshi, and Associate Neelima Hande. Pranay Bagdi's involvement as a partner underscores the firm's deep expertise in venture capital transactions, particularly within the burgeoning India healthcare tech fundraise arena. This engagement further solidifies Touchstone Partners' reputation for advising on significant deals in the technology and healthcare sectors.

This latest capital raise marks another significant milestone for Toothsi and its legal advisor, Touchstone Partners. Earlier in the current year, Touchstone Partners had already provided advisory services to Toothsi on a separate strategic initiative: its acquisition of Zenyum Pte. Ltd. This prior engagement indicates an ongoing relationship and a consistent role for Touchstone Partners in Toothsi's corporate development and expansion efforts.

The continuous involvement of Touchstone Partners in key transactions for Toothsi, from acquisitions to capital raises, highlights their specialized knowledge and active presence in the Indian healthcare technology investment space. The successful Touchstone Partners advises Toothsi fundraise, coupled with their previous advisory work, positions the firm as a key player in facilitating growth and investment within this rapidly evolving industry.

This article highlights Touchstone Partners' expertise and activity in advising on venture capital fundraises for healthcare technology companies in India, providing market intelligence on active firms and deal structures for lawyers advising similar startups or investors.

Source: Reporting based on information from Bar & Bench.