FirstCry's early investors look to sell stake at $2.1 billion valuation
We'll soon meet in your inbox. Please wait... Japan’s SoftBank Vision Fund, which picked up 40% stake for $400 million in a Series E funding round in 2019, is the largest stakeholder in the decade-old company, which was valued at around $1.1 billion during the time of the investment. The fundraise comes at a time the omnichannel retailer seeks to realign its cap table before launching an initial public offering (IPO) in the next two-three years. “Some of the company’s early backers — Chiratae Ventures, NEA, Vertex Ventures and Elevation Capital — might be looking to sell their stak...
Source: indiatimes.com