Several investors exited the SoftBank and Mahindra-backed, infant-focused e-commerce platform in a primary and secondary round valuing it at $2bn.

FirstCry, an India-based childcare e-commerce marketplace backed by corporate investors SoftBank and Mahindra Group, has raised $315m, Economic Times reported on Tuesday, citing three people familiar with the matter.

The round included venture capital firm Chrys Capital, investment firm PremjiInvest and private equity group TPG’s Growth fund, and valued the company at roughly $2bn. PremjiInvest provided $13m in primary funding, according to a regulatory filing seen by ET.

Early investors Elevation Capital (previously SAIF Partners), MegaDelta Capital Advisors and Vertex…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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