Toothsi has raised Rs 100 crore in a fresh tranche led by IIFL. This is the company's second financing, which recently picked up $9 million debt from Stride Ventures.
Toothsi has passed a special resolution to issue 460053 CCPS VI at a distribution price of Rs 2173.66 per share at a consideration of Rs 100 crore, according to the company’s regulatory filings.
IIFL Tech Large Value Fund and Mahendra Chunilal Shah have invested Rs 75 crore and Rs 25 crore respectively in this transaction. This could be a part of a larger round for the Arpi Shah-led company.