Makeo’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)

MakeO (formerly Smileneo), founded by Arpi Mehta in 2018, disrupts orthodontics with clear aligner solutions delivered directly to consumers. Based in Mumbai, MakeO leverages tele-orthodontics, 3D-printing, and AI-driven treatment planning to offer affordable, personalized aligners. Patients receive at-home scanning kits and follow up virtually, streamlining the traditional braces process and reducing clinic visits. In FY24, MakeO reported ₹260 Cr in revenue, transitioned to a ₹20 Cr net profit, and achieved a 12% EBITDA margin, while expanding its team to 140 employees and launching operations in Southeast Asia. Backed by Matrix Partners India and Peak XV, MakeO has raised $21 million to scale its tech platform, expand manufacturing capabilities, and invest in AI-driven treatment optimization. Its focus on patient experience and cost-effective care positions MakeO as a leader in the direct-to-consumer dental space.

• Expand direct-to-consumer markets across APAC by FY26.
• Invest in AI-driven treatment planning and remote monitoring.
• Scale up 3D-print manufacturing to reduce costs.
• Partner with dental clinics for hybrid service models.
• Evaluate IPO post achieving ₹500 Cr revenue milestone.

In 2025, MakeO launched a subscription-based clear aligner model, increasing customer retention by 25%.

MakeO’s strong revenue growth, path to profitability, and customer-centric innovations affirm its leadership in the direct-to-consumer orthodontics market.

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• Company releases: FY financials
• Tracxn & Crunchbase: funding rounds
• Press: subscription model launch
• MakeO website