Mumbai: FirstCry, the baby and maternity products e-commerce platform, is in talks with investors for a new round of funding that could see the company raise as much as $75 million, said three people aware of the development. Ltd, the company that runs FirstCry, raised $26 million in funding in a Series D round from its existing investors, led by the US-based Valiant Capital Partners. IDG Ventures India, Vertex Ventures and SAIF Partners, the other investors in the company, also participated in the round. FirstCry has raised $95 million in capital so far from investors including IDG Ventures India, SAIF Partners, Vertex Ventures, Valiant Capital and NEA. Depending on how much stake some of the existing investors decide to sell in the round, the size of the round could vary between $50 million and $75 million,” he said.

Source: Mint August 23, 2016 21:45 UTC