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) ((mailto:Yantoultra.Ngui@thomsonreuters.com;)