Piscium Bags Series A Funding Led by Unicorn India Ventures

The startup aims to offer products that take the dental and medical practitioner’s craft to a whole new level.

Mumbai-based Piscium, a nanotechnology startup, has raised INR 6 Cr in a Series A funding round led by Unicorn India Ventures. 

The fresh capital will be utilised to strengthen the sales and marketing team, fortifying brand presence, ramping up production capabilities, expanding operations, and venturing into international markets.

The startup's primary objective is to revolutionise dental and medical practices by delivering cutting-edge products developed through intensive research. 

Commenting on the development, Malay Dikshit, founder & CEO of 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."

Dikshit further informed, the startup’s products are going to be used by 300,000 dentists across five continents by 2027.

Investor's Perspective

Chiming at the growth prospect for the segment, Anil Joshi, managing partner at Unicorn India Ventures, noted the role of startups like Piscium in addressing the escalating prevalence of chronic and stress-related diseases. 

He said, "Our investment decision was driven by a thorough analysis of this sector, especially considering the company's swift expansion propelled by its groundbreaking products. These patented innovations have garnered significant recognition within the dental community and demonstrate considerable potential for global market expansion. Piscium's proactive approach in developing its OEM business and establishing strategic partnerships further reinforces our belief that its future innovations will unlock significant growth opportunities in this field."

By backing Piscium, the venture capital firm aligns with the United Nations Sustainable Development Goal (SDG) 3, which focuses on ensuring healthy lives and promoting well-being for all.

Piscium’s Product Offerings

Piscium, with a diverse product portfolio including Alpha Nano Diamond Burs, Epsilon Burs, Alginates, and more, caters to the evolving needs of both practitioners and patients. The startup's portfolio, comprising over 10 product categories, aims to redefine dental care standards and address unmet healthcare needs globally. 

Established in 2017 by Malay Dikshit and Dr Trupta Dikshit, Piscium is a dental and medical device manufacturer. Recognised by the Department of Industrial Policy and Promotion (DIPP) as a startup, Piscium Health Sciences focuses on developing cutting-edge medical devices and consumables. 

Currently incubated by SINE and benefiting from facilities provided by the IITB-Monash Research Academy within IIT Bombay, Piscium Health Sciences has received a grant from BIRAC, a department under the Government of India's Department of Biotechnology, for the development of dental devices.

In the same vein, Aarogya Tech, a healthtech startup based in the US and operating out of Bengaluru has raised $1.8 million in a seed funding round. Hersha Hospitality Trust’s Chairman Emeritus, Hasu P Shah led the funding round. He will also be joining the board of directors at Aarogya tech, the startup said.