FirstCry is in talks with sovereign funds at a valuation of $3 billion

FirstCry is in talks with sovereign funds at a valuation of $3 billion.

FirstCry, an omnichannel retailer, is in talks with a number of sovereign funds to help some of its shareholders sell shares at a price of about $3 billion.

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These persons, who wished to remain anonymous since the negotiations are private.

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The business also operates over 650 physical locations.

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