Wednesday, January 20, 2016

#RatanTata invests undisclosed amount in #Brainbees Solutions

Ratan Tata, Chairman Emeritus of Tata Sons and Senior Advisor to IDG Ventures India, has invested an undisclosed amount in his personal capacity into Brainbees Solutions Pvt Ltd, which owns the ‘’ brand. FirstCry with its market leadership has been able to build a strong and dominant leadership in its category, in a very highly capital efficient manner.Brainbees has raised $69 million in capital over multiple rounds from marquee investors including IDG Ventures India, SAIF Partners, Vertex Ventures, Valiant Capital and NEA.

"A positive nod from a business leader of Mr. Tata’s stature is a great vote of confidence in the way we have created the eco-system and validation of the business approach leading to definitive path to profitability. We are delighted to have him on board and look forward to gaining from his rich experience.” says Supam Maheshwari, Founder & CEO of Brainbees.