<article>While online baby products retailer FirstCry is looking to raise $100 million, ShareChat is in discussions to raise $18 million from Xiaomi and Shunwei Capital.</article>

While online baby products retailer FirstCry is looking to raise $100 million, ShareChat is in discussions to raise $18 million from Xiaomi and Shunwei Capital.
<h3>FirstCry looking to raise $100m funding</h3>
Online baby products retailer <a href="http://dealstreetasia.com/tag/firstcry" target="_blank" rel="noopener">FirstCry</a>, owned by Brainbees Solutions, is in talks to raise equity financing of about $100 million, according to <a href="http://tech.economictimes.indiatimes.com/news/startups/firstcry-in-talks-to-raise-rs-666cr/60864140" target="_blank" rel="noopener">a report</a> in The Economic Times quoting sources.
As per the sources cited in the report, the Pune-based company is in talks with various investors including Singapore&#8217;s  <a href="http://dealstreetasia.com/tag/temasek" target="_blank" rel="noopener">Temasek Holdings</a> and is seeking a valuation of $400-500 million for this round.
FirstCry has raised about $125 million so far from investors including  <a href="http://dealstreetasia.com/tag/idg-ventures" target="_blank" rel="noopener">IDG Ventures India</a>, <a href="http://dealstreetasia.com/tag/saif-partners" target="_blank" rel="noopener">SAIF Partners</a>, New Enterprise Associates and <a href="http://dealstreetasia.com/tag/vertex-ventures" target="_blank" rel="noopener">Vertex Ventures</a>, the venture capital arm of <a href="http://dealstreetasia.com/tag/temasek" target="_blank" rel="noopener">Temasek</a>.
Last year, FirstCry acquired the franchise division of Mahindra Retail Pvt. Ltd, a subsidiary of Mahindra and Mahindra Ltd, which owns online babycare business BabyOye for $54.2 million in a cash-and-stock deal.
<h3>Xiaomi, Shunwei Capital in talks to invest $18m in Sharechat</h3>
Local language social networking platform <a href="http://dealstreetasia.com/tag/sharechat" target="_blank" rel="noopener">ShareChat </a>is in discussions to raise Rs 120 crore ($18 million) from Chinese mobile phone manufacturer <a href="http://dealstreetasia.com/tag/xiaomi" target="_blank" rel="noopener">Xiaomi</a> and its founder Lei Jun&#8217;s venture capital fund <a href="http://dealstreetasia.com/tag/shunwei-capital" target="_blank" rel="noopener">Shunwei Capital</a>, said <a href="http://timesofindia.indiatimes.com/venture-capital/xiaomi-shunwei-capital-may-invest-in-vernacular-social-networking-app-sharechat/articleshow/60862214.cms" target="_blank" rel="noopener">a report</a> in The Economic Times.
&#8220;The term sheet (a document which outlines the terms and conditions of a deal) was signed a few weeks ago. The investment should formally close soon,&#8221;  said one of the sources quoted in the report.
According to another source the deal is likely to value the company at about Rs 400-500 crore.
This would be the second round of funding for Bengaluru-based ShareChat. It counts venture funds <a href="http://dealstreetasia.com/tag/saif-partners" target="_blank" rel="noopener">SAIF Partners</a>, <a href="http://dealstreetasia.com/tag/lightspeed-india" target="_blank" rel="noopener">Lightspeed India Partners</a> and<a href="http://dealstreetasia.com/tag/india-quotient" target="_blank" rel="noopener"> India Quotient</a> as its investors.
In India, Xiaomi  has invested in Hungama Digital Media and Mech Mocha, a gaming startup.
Also Read:
<a class="tinymce-colortext" style="color: #ff0000;" href="http://India: FirstCry buys Mahindra’s BabyOye for $54m" target="_blank" rel="noopener">India: FirstCry buys Mahindra’s BabyOye for $54m</a>
<a class="tinymce-colortext" style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/firstcry-in-talks-to-raise-75-million-51456/" target="_blank" rel="noopener">India: Baby products platform FirstCry in talks to raise $75m</a>
<a class="tinymce-colortext" style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/sharechat-finds-its-niche-with-local-languages-71719/" target="_blank" rel="noopener">Social app ShareChat finds its niche with Indian local languages</a>

India Digest: FirstCry looks to raise $100m; Xiaomi, Shunwei Capital in talks to back Sharechat

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India Digest: FirstCry looks to raise $100m; Xiaomi, Shunwei Capital in talks to back Sharechat

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