SoftBank is exploring a $400m direct investment in Brainbees Solutions, the owner of childcare product retailer FirstCry, to take a 42% stake in the business.

Brainbees Solutions, the India-based operator of childcare products retailer FirstCry, is set to receive $400m in funding from internet and telecommunications conglomerate SoftBank, the Economic Times reported today. SoftBank is expected to purchase a 42% stake in the company, valuing it at $600m to $700m pre-money. The transaction will consist purely of a direct investment…

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