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Besides, it plans investment in its subsidiary, FirstCry Trading, for overseas expansion; investment in its subsidiary, Globalbees Brands, towards the acquisition of additional stakes in its indirect subsidiaries; and sales and marketing initiatives. Get more Markets News and Business News on Zee Business.

Indias tax department is investigating alleged tax evasion by the founder of three Indian unicorns. Several investors in FirstCry have also received enquiries related to the matter.