FirstCry, India’s biggest e-commerce platform for mother and baby products, is aiming to raise $218 million through the sale of new shares in its initial public offering, almost a third of the $700 million it had originally targeted.Brainbees Solutions, the parent firm of online baby product marketplace FirstCry, wrote in a draft prospectus filed with the local market regulator that some investors including SoftBank, NewQuest and TPG plan to sell some shares as part of the IPO.The startup is eyeing a valuation of about $4 billion, down from its previous $6 billion target last year, according to a person familiar with…
SoftBank-backed FirstCry seeks to raise nearly $220 million in India IPO – TechCrunch
