IIFL leads Rs 100 cr funding round in dental tech startup Toothsi
Dental tech startup Toothsi has secured Rs 100 crore. Stride Ventures had just loaned the company $9 million. Mumbai-based Toothsi has secured slightly over $13 million (Rs 100 crore) in a new funding round headed by IIFL. This is the dental tech startup's second round of funding. Toothsi had just received a $9 million loan from Stride Ventures. According to the company's regulatory filings, Toothsi has passed a special resolution to issue 460053 CCPS VI at an issue price of Rs 2173.66 per share for a consideration of Rs 100 crore. This transaction has been funded by the IIFL Tech Large Value Fund and Mahendra Chunilal Shah, who have contributed Rs 75 crore and Rs 25 crore, respectively. This could be part of a larger funding round for Arpi Shah's company. According to Fintrackr, Toothsi raised the financing at a post-money valuation of $252 million. So far, the company has received over $47 million in stock and debt, including a $20 million Seri...