Piscium, a pioneering nanotechnology startup specializing in medical devices, has successfully secured Rs 6 crore in its Series A funding round, led by Unicorn India Ventures. The company, known for its groundbreaking nano-diamond technology, has been officially recognized by the Department of Scientific and Industrial Research (DSIR) as a leading player in the dental and medical device startup arena.
The raised capital will be directed towards strengthening the sales and marketing team, bolstering brand presence, expanding production capacities, and venturing into international markets.
Founded in 2017 by Malay Dikshit and Dr. Trupta Dikshit, Piscium has been dedicated to advancing dental and medical device manufacturing with a focus on innovation and research. With the rising prevalence of chronic and stress-related diseases like diabetes in India, the demand for dental care solutions has surged. Piscium aims to address this demand by leveraging its extensive research and manufacturing capabilities to develop cutting-edge dental products.
The company's flagship product, the Nano Diamond Dental Burs, represents a paradigm shift in dental care technology, offering dentists unprecedented speed, accuracy, and procedural control. These patented burs have garnered significant attention within the dental community for their exceptional performance and are rapidly gaining adoption worldwide.
Malay Dikshit, the Founder & CEO of Piscium, expressed his gratitude towards Unicorn India Ventures for their support in scaling up the business. He also acknowledged the early supporters and investors who played a pivotal role in the company's journey. Dikshit outlined the ambitious vision of Piscium to become a globally recognized leader in dental and medical device manufacturing, with a target of reaching over 300,000 dentists across five continents by 2027.
Anil Joshi, Managing Partner at Unicorn India Ventures, emphasized the significant growth potential of Piscium's innovative products, particularly amidst the escalating prevalence of chronic diseases. He highlighted the company's rapid expansion and its strategic focus on global market penetration and OEM partnerships.
Piscium has made significant strides in enhancing its manufacturing capabilities, expanding its product range, and establishing a strong presence across multiple states in India. The company is also actively pursuing government procurement opportunities and forging strategic partnerships to fuel its growth trajectory.
With India's dental care market poised for exponential growth, Piscium is well-positioned to capitalize on this opportunity with its innovative product portfolio and strategic market approach.