Three family offices acquires Softbank's stake worth Rs 435Cr in IPO-bound FirstCry

Ranjan Pai has finalized to invest Rs 250 crore in the IPO-bound kidswear startup

FirstCry recorded a 50% increase in revenue from Rs Rs 1,603 crore in FY21 to Rs 2,401 crore in FY22, however the company reported Rs 79 crore loss in the last fiscal

Founded in 2010 by Amitava Saha, Prashant Jadhav, Sanskriti Hattimattur, and Supam Maheshwari, FirstCry offers a wide range of products for babies, kids, and mothers through online and physical retail stores

Investors in FirstCry include DSP Family Office, Sharrp Ventures, Premji Invest, TPG Capital Asia, and Valiant Capital Partners

Early-stage VC firm Veda VC has made the first close of Rs 250Cr fund