FirstCry in talks with Alibaba, SoftBank for $150 mn funding2 min read 23 Oct 2018, 11:57 PM IST
FirstCry, a retailer of baby products online, is looking to raise at least $100-$150 million from Alibaba and SoftBank as it seeks to cement its market leadership
Bengaluru/New Delhi: FirstCry, India’s largest retailer of baby products online, is in talks with China’s Alibaba Group Holding Ltd and Japan’s SoftBank Group Corp., among others, to raise at least $100-$150 million as it seeks to cement its market leadership, said three people aware of the discussions. The exact quantum of funds FirstCry wants to raise is, however, yet to be finalized, said the people mentioned above, requesting anonymity. Mint could not immediately ascertain the valuation that FirstCry is seeking for the latest round.
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