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Mumbai: FirstCry’s early backers are looking to sell about 7-9% stake in the baby and mother care products retailer for $180 million in a secondary transaction that will value the company at $2.1 billion, three people with knowledge of the development said. The valuation being ascribed to BrainBees Solutions, which runs FirstCry, is almost double […]
Hospitality firm Oyo has raised Rs 54 crore from Hindustan Media Ventures as part of Series F1 round, according to a regulatory filing by the company. Hindustan Media Ventures Ltd subscribed to 125 Series F1 Compulsory Convertible Cumulative Preference Shares (Series F1 CCCPS) of the face value of Rs 100 each for cash at an […]
SoftBank’s Vision Fund is preparing to raise between $500 million and $600 million via an initial public offering of its first special purpose acquisition company (SPAC), U.S. news portal Axios reported on Sunday, citing multiple sources. SoftBank is said to be preparing for at least two additional SPACs, the report added. A SoftBank spokesman declined […]
Grofers is in the final stages of raising $55-$60 million from its largest investor, SoftBank Vision Fund, as well as other existing backers, two people in the know of the matter told ET. The latest funding round comes at a time of heightened activity in the e-grocery space, with market leader BigBasket currently in talks […]
SoftBank group said four of its internal directors, including Vision Fund CEO Rajeev Misra are stepping down from the board to make way for external members and better its corporate governance. India-born Misra has been leading the charge of the $100 billion SoftBank Vision Fund, and was a part of the board since 2017 when […]