News > India's sovereign wealth fund invests in FirstCry; SoftBank

India's sovereign wealth fund invests in FirstCry; SoftBank

India’s sovereign wealth fund –The National Investment and Infrastructure Fund (NIIF) — has made its first bet on the country's internet economy with eCommerce firm FirstCry, people aware of the matter said. 

FirstCry’s existing investor Premji Invest has also purchased additional shares in the company in the new round.