] April 9th news billion state power network, India maternal electricity supplier FirstCry announced the acquisition of $36 million investment, the Silicon Valley venture capital firm NEA and the San Francisco hedge fund Valiant Capital lead investor, the original investor IDG capital (India), Singapore’s Temasek Holdings Group (Vertex Venture Holding Xiangfeng) and Saif (SAIF Partners) carried out with the cast. This is less than a month from its last $26 million financing.
billion state power network learned by FirstCry combining online and offline retail model, in the 85 national city with a total of 100 stores. Its founder and President Supam Maheshwari said: this money will be used for the full channel expansion of FirstCry (online, offline and mobile terminal) and the construction of our free brand."
is interesting, the lead investor NEA had earlier investment in the nation’s largest maternal website Diapers, its founder, recently founded in India maternal electricity supplier Hopscotch, after several rounds of financing after the success of the $15 million.
is reported that FirstCry’s competitors also include Group, a multinational group in India’s Mahindra BabyOye. In India, the mother and child through the consolidation phase of the vertical electricity supplier, Hushbabies closed down, Hoopos merger of Babyoye.