This company has decided to invest $ 400 million dollars for over 40 % stake in BrainBees Solutions.

SoftBank has decided to invest $400 million for over 40 per cent stake in BrainBees Solutions, which owns and operates omni-channel baby and mother care product retailer FirstCry. SoftBank is valuing 8 years old Pune based venture, FirstCry at $600-700 million and planning to pick over 40 per cent stake whereas FirstCry Founder, Supam Maheshwari and Amitava Saha will retain 12-14 per cent stake. As per SoftBank officials the money will come in tranches linked to financial and business performance milestones. Morgan Stanley acted as the Financial advisor for this big deal.