SoftBank cuts stake in IPO-bound FirstCry; Sachin Tendulkar, Infosys founder among buyers
SoftBank, the largest shareholder in FirstCry, has reportedly sold shares worth $310 million in the omnichannel retailer in two rounds.
SoftBank, the largest shareholder in FirstCry, has reportedly sold shares worth $310 million in the omnichannel retailer in two rounds.
The development comes at the heels of mass layoffs announced by the ecommerce giant last week. The company has 1,00,000 employees in India.