AZB, IndusLaw act on SoftBank $400 million investment in FirstCry

Bar & Bench January 29 2019
FirstCry raises funds from SoftBank

SoftBank is investing $400 million in Pune-based Brainbees Solutions, which operates online-first baby products retailer FirstCry.

AZB & Partners acted for SoftBank and the team was led by Partner Vinati Kastia along with Senior Associates Siddharth Sawhney and Anant Dang.

IndusLaw acted for Brainbees Solutions and the team was led by Partners Suneeth Katarki and  Winnie Shekhar along with Senior Associate Ankita Gupta and Associate Pavani Nath.

SoftBank is picking up an estimated 40% stake in the eight-year-old Pune-based venture, valuing it at $600-700 . . .

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