Singapore-based Zenyum and India’s MakeO Toothsi have revealed plans to merge, aiming to create a top consumer dental company in Asia with markets stretching from the Middle East to Japan. The companies expect to finalize the merger by the end of February, subject to standard approvals. Together, the group will offer orthodontic products such as clear aligners, along with a range of digital dental services and oral-care items through both online and in-person platforms.
Zenyum stated that this is a merger of equals, as both businesses share similar revenue figures but operate mainly in different regions, making their combination complementary. Financial details of the deal were not shared, and Zenyum’s CEO Julian Artopé declined to comment on the value or future shareholding structure. The agreement will see Zenyum merging into MakeO’s Indian holding company, which will include subsidiary entities like Zenyum.
Leadership will remain with the founders of both companies after the merger. Arpi Mehta will continue as CEO of MakeO, while Julian Artopé will stay at the helm of Zenyum. The headquarters of the combined group will be in Mumbai, with Zenyum’s offices remaining in Singapore for their Southeast and North Asia operations. The merged company’s reach will cover India, Singapore, Malaysia, Vietnam, Saudi Arabia, Qatar, the United Arab Emirates, Taiwan, and Hong Kong, focusing especially on India, Taiwan, Singapore, Hong Kong, and the Middle East as their strongest markets.
Julian Artopé expects the merger to produce benefits, especially in supply chain management. The company plans to use technology, including AI, to increase efficiency as they grow. In India, Toothsi partners with about 500 doctors and operates more than 50 dental centers. Zenyum works with 600 doctor partners. After combining, the joint entity will bring together around 1,100 partner doctors, supported by a team of 80 dental and orthodontic professionals who help with treatment planning and provide US FDA-certified products.
Both Zenyum and MakeO will continue to operate as independent brands for customers. Zenyum is expected to announce new product developments as the integration advances over the next month. Looking to the future, Artopé described India as a highly attractive market for a possible IPO, stating the companies could pursue this opportunity in the coming years, while their current focus remains on successful integration and continued growth.
Tags: orthodontic