Page 3 - Firstcry
SoftBank sells shares worth $310 mn in omnichannel retailer FirstCry
Japanese conglomerate SoftBank has sold shares worth USD 310 million in omnichannel retailer FirstCry, which is likely to file a draft paper for IPO this week, sources said on Monday. "SoftBank recently sold shares worth Rs 630 crore in FirstCry. It was picked up by a few high net worth individuals. With this sale, SoftBank has realised USD 310 million from two rounds of stake sale in FirstCry," a source told PTI. The source said that the sale values FirstCry in the range of USD 3.5-3.75 billion. SoftBank had invested USD 400 million in FirstCry at an enterprise valuation of USD 900 million. Another source said that SoftBank is still left with shares valued in the range of USD 800-900 million which it will sell later. "SoftBank is looking to make around USD 1.3 billion from the investment made in FirstCry," the source said. Email query sent to SoftBank elicited no response in this regard.
 "SoftBank sells shares worth $310 mn in omnichannel retailer FirstCry")
SoftBank's Vision Fund hikes valuation of Swiggy, Ola Electric, FirstCry
SoftBank's Vision Fund is also increasing its focus on companies which can benefit from the artificial intelligence revolution
 "SoftBank's Vision Fund hikes valuation of Swiggy, Ola Electric, FirstCry")
FirstCry founder Maheshwari probed for alleged $50 million tax evasion
At least six investors in FirstCry, including private equity firm ChrysCapital Management Co and Sunil Bharti Mittal's family office, have also received enquiries related to the matter
 "FirstCry founder Maheshwari probed for alleged $50 million tax evasion")
SoftBank sells a part of its stake in IPO-bound FirstCry for Rs 435 crore
Three Indian family investment offices have reportedly picked up stakes in the SoftBank-backed e-commerce firm
 "SoftBank sells a part of its stake in IPO-bound FirstCry for Rs 435 crore")
FirstCry in talks with sovereign funds to sell stake at $3 bn valuation
SoftBank, led by Masayoshi Son, is likely to sell a portion of its 29 per cent stake in the company if the deal goes through, sources said
 "FirstCry in talks with sovereign funds to sell stake at $3 bn valuation")
NIIF drops investment in TPG-backed e-commerce startup FirstCry: Report
FirstCry, formally known as BrainBees Solutions Pvt, runs an online store featuring products for children and expecting mothers
 "NIIF drops investment in TPG-backed e-commerce startup FirstCry: Report")
GlobalBees enters unicorn club with $111.5 mn funding led by Premji Invest
GlobalBees was founded in May 2021 and has built a diverse portfolio of companies across categories.
 "GlobalBees enters unicorn club with $111.5 mn funding led by Premji Invest")
Thrasio-like startup GlobalBees raises $150 mn to create a house of brands
This is the largest Series A round by a Thrasio-style startup in the country. With this round, Vikas Agnihotri of Softbank, Harsha Kumar of Lightspeed and others join the GlobalBees board
 "Thrasio-like startup GlobalBees raises $150 mn to create a house of brands")
Firstcry secures around $400 mn from Softbank as part of series-E funding
FirstCry has emerged as the leader in the sunrise baby and mother care sector segment, prompting rising interest of global investors
 "Firstcry secures around $400 mn from Softbank as part of series-E funding")
Firstcry Group firm acquires Oi playschool chain-brief for undisclosed sum
Founded in 2010, Oi Play School currently runs 55 pre-school centers, most of them in Hyderabad and Bengaluru
 "Firstcry Group firm acquires Oi playschool chain-brief for undisclosed sum")
SoftBank's $400-million investment creates a retail unicorn, almost
Babycare has been a money spinner for companies across the world
 "SoftBank's $400-million investment creates a retail unicorn, almost")