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FirstCry raises $36 mn in fresh VC fund round

Online portal for baby products, FirstCry on Wednesday said it has raised $36 million (about Rs 224 crore) in a fresh round of funding led by VC funds Valiant Capital Partners and New Enterprise Associates. With this round, the firm has raised a total of around $70 million.

The firm will utilise the funds to invest on technology and increasing its product line-up as well as double the number of its branded franchise stores to 200 in the next 12 months.
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