A consortium of private equity investors – TPG, ChrysCapital and Premji Invest – has invested around $315 million in Firstcry, valuing the omnichannel children’s retailer at around $1.9-$2.1 billion, three people with direct knowledge of the deal said.

The company will look to target a public market listing in 18-24 months, they said. The deal involves a $300 million secondary transaction, they added. There is also a small primary component of about $13 million from Premji Invest, regulatory filings showed. ET was the first to report about the impending transaction on January 8.

“All three private equity investors have roughly brought in $100 million each,” said a person with direct knowledge of the development. The early investors in the SoftBank-backed company, such as Elevation Capital (formerly SAIF Partners), Vertex Partners and MegaDelta Capital Advisors have sold their entire stakes as part of the latest transaction.

Read more/Source: The Economic Times