Firstcry secures around $400 mn from Softbank as part of series-E funding

Baby and mother care products retailer Firstcry has secured around $400 million (Rs 2824.23 crore) from Softbank Vision Fund as part of its series-E funding. While the Japan-based PE fund has infused $296 million (Rs 2,120.5 crore) upfront, it has committed another $100 million (Rs 703.71 crore) in the second tranche.

According to the financial data accessed by business intelligence platform Tofler, FirstCry’s holding entity BrainBees Solutions has allotted 73.1 million series E shares at a price of Rs 386 each to SVF Frog, a Cayman Islands-registered entity of Softbank as part of the deal.