Singapore-based Zenyum’s parent MakeO raises $10 million for Asian expansion

HONG KONG, Oct 13 (Reuters) – MakeO, the parent of Singapore-based dental and oral-care company ​Zenyum, has raised $10 million to expand ‌across Asia and pursue acquisitions, the companies said on Tuesday.

• Investment firm Singularity AMC ​led the funding round, joined by ​funds and family offices from India ⁠and Singapore
• The money will help ​expand Zenyum’s network of partner dentists in ​Southeast and North Asia, strengthen shared technology systems and increase the group’s manufacturing capacity, the ​companies said
• Zenyum became part of MakeO ​earlier this year, creating a group with about ‌1,100 ⁠partner dentists in India, Singapore, Malaysia, Vietnam, Taiwan, Hong Kong and Japan
• MakeO designs and makes clear teeth-straightening devices at ​a facility ​in ⁠India’s Mumbai metropolitan region. The devices are offered through Toothsi ​in India and Zenyum in ​Southeast ⁠and North Asia
• The group said annual recurring revenue had exceeded S$70 million ($54.7 ⁠million) ​and that it was ​profitable on an EBITDA basis

($1 = 1.2804 Singapore dollars)

Reporting ​by Yantoultra Ngui; Editing by Jan Harvey