Piscium, a nanotech medical startup, has raised INR 6 crore in a Series A funding round led by Unicorn India Ventures, marking a milestone in its journey in dental and medical device manufacturing, driven by a commitment to innovative products.
The fresh funds will go for bolstering the sales and marketing team, fortifying brand presence, expanding production capabilities, and venturing into the international market.
Since its inception in 2017 by founders Malay Dikshit and Dr. Trupta Dikshit, Piscium has positioned itself as a leader in dental and medical device manufacturing. Advancing the craft of dental and medical practitioners, the startupās research-driven approach has resulted in a diverse portfolio that includes products such as Alpha Nano Diamond Burs, Epsilon Burs, Alginates, and more.
Malay Dikshit, Founder and CEO of Piscium, said, āUnicorn 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 soon.ā
Market Expansion and Government Inroads
Pisciumās commitment to innovation has not gone unnoticed, with the recent funding round reflecting the companyās accelerated growth. The startup has enhanced its manufacturing capabilities, diversified its product range, and expanded its footprint across ten states. Additionally, Piscium has made significant inroads into government e-marketplaces, signaling a broader societal impact.
Unicorn India Ventures, the lead investor, emphasizes the escalating prevalence of chronic and stress-related diseases, underscoring the sectorās significance.
Anil Joshi, Managing Partner at Unicorn India Ventures, applauds Pisciumās rapid growth fueled by innovative products, citing their widespread acceptance within the dental community. The patented innovations, he notes, hold substantial potential for global market expansion.
Diverse Product Portfolio and Future Prospects
Pisciumās portfolio boasts over 10 product categories, showcasing a diverse range of dental burs, alginates, and other cutting-edge medical products. The startup is actively building its original equipment manufacturer (OEM) business and forming strategic partnerships to solidify its market position further.
Malay Dikshit said, āBy 2027, over 300k dentists across five continents would be using Pisciumās products, as we believe that scientific acumen, a strong innovation pipeline, and an equally strong route to market would be our principal growth drivers.ā
With a keen eye on the domestic market, Piscium is strengthening its sales force, appointing distributors in major towns, and focusing on government procurement channels. As volumes increase, the startup is concurrently developing its vendor ecosystem, prioritizing precision and quality in its offerings.
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