Family offices of Ranjan Pai, Harsh Mariwala and Hemendra Kothari buy FirstCry stake from SoftBank

  • The three family offices acquired the stake for Rs 435 crore.
  • FirstCry, an omnichannel retailer for kids, raised about $425 million to date with SoftBank previously holding a 40% stake.
  • Despite revenue surges, FirstCry recorded a loss of Rs 79 crore in FY22.
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