Ranjan Pai’s family office and others acquire stake in FirstCry from SoftBank
Shortpedia
Content Team
Image Credit: twitter
Manipal Group’s Ranjan Pai’s MEMG Family Office, Marico’s Harsh Mariwala’s investment office Sharrp Ventures and DSP family office of Hemendra Kothari have bought stakes in kids-focused omnichannel retailer FirstCry for a cash consideration of Rs 435 crore. As per a report by ET, which reported the development first, the three family investment offices have acquired the stake from FirstCry’s largest stakeholder SoftBank.
