Leixir: GSK Velu-backed dental labs chain Leixir hires investment bank for fresh fundraise

Dental labs firm Leixir Resources Pvt. Ltd, which is backed by serial healthcare entrepreneur GSK Velu through his private equity fund Stakeboat Capital as well as his family office, has hired an investment bank as it looks to raise fresh capital, two people familiar with the development told VCCircle. Leixir, a services firm which manages a dental labs chain in North America through its group companies, has roped in Avendus Capital to raise around $15 million (around Rs 100 crore), the above-mentioned persons said on the condition of anonymity. The deal is expected to be a mix [...]