Better known for buying chunky real assets in infrastructure and real estate, India’s National Investment and Infrastructure Fund (NIIF) is marking its first foray into start-ups with plans to acquire a US$150-200 million stake in children’s clothing e-commerce unicorn FirstCry.NIIF is picking up secondary shares at an enterprise value of...
Better known for buying chunky real assets in infrastructure and real estate, India’s National Investment and Infrastructure Fund (NIIF) is marking its first foray into start-ups with plans to acquire a US$150-200 million stake in children’s clothing e-commerce unicorn FirstCry.NIIF is picking up secondary shares at an enterprise value of...