SoftBank, the Japanese tech investor, has divested a portion of its stake in the upcoming IPO-bound company for $310 million (INR 630 crore). High Net Worth Individuals (HNIs) acquired the shares, establishing the ecommerce unicorn's valuation in the range of $3.5 billion to $3.75 billion. SoftBank still retains shares valued at $800 million to $900 million in FirstCry, with plans to sell them at a later date. This stake sale follows previous transactions where the MEMG family office, Sharrp Ventures, and the DSP family office acquired stakes in FirstCry from SoftBank for approximately INR 435 crore.
SoftBank Sells Stake Valued at INR 630 Crore in FirstCry.
Updated: Dec 29, 2023
留言