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IPO

Baby products marketplace Firstcry plans $700-M IPO at $6-B valuation

Economic Times  

E-commerce startup FirstCry.com is planning to file for an initial public offering to raise about USD 700 million. The online baby product marketplace is seeking a valuation of at least USD 6 billion. The issuance will include both new and existing shares. The company, formally known as BrainBees Solutions Pvt Ltd, runs an online store featuring products for children and expecting mothers. Its investors include TPG, SoftBank Group Corp. and PremjiInvest, the family office of Wipro Ltd founder Azim Premji.