FirstCry’s early investors look to sell stake at $2.1 billion valuation, Retail News, ET Retail

Davida Erdahl

FirstCry’s early backers are looking to promote about 7-nine% stake in the toddler and mother treatment merchandise retailer for $180 million in a secondary transaction that will worth the firm at $2.1 billion, a few people aware of the advancement mentioned.

The valuation staying ascribed to BrainBees Options, which runs FirstCry, is just about double of its prior funding round.

Japan’s SoftBank Eyesight Fund, which picked up 40% stake for $400 million in a Series E funding round in 2019, is the greatest stakeholder in the ten years-old firm, which was valued at all-around $1.1 billion for the duration of the time of the investment.

The fundraise will come at a time the omnichannel retailer seeks to realign its cap table right before launching an initial community providing (IPO) in the up coming two-a few a long time. “Some of the company’s early backers — Chiratae Ventures, NEA, Vertex Ventures

Read More