Tech
FirstCry Pumps Another INR 20 Cr Into GlobalBees, Raises Stake To 51.68%
[ad_1]
SUMMARY
Continuing its spree of investments in GlobalBees, kids-focussed omnichannel company FirstCry has now announced a further investment of about INR 20 Cr
The investment was originally made in the form of convertible loan and was due to be converted into Series C3 Compulsorily Convertible Preference Shares (CCPS) within a period of two months
Pursuant to the conversion, GlobalBees has to return a small difference of INR 21,000 between the loan value and the final allotment to its…
[ad_2]
Source link