TPG-Backed FirstCry Is Said to Near $700 Million IPO Filing

E-commerce startup FirstCry.com is planning to file for an initial public offering in Mumbai as soon as this month that could raise about $700 million, according to people familiar with the matter.

The online baby product marketplace is seeking a valuation of at least $6 billion, said the people, who asked not to be identified as the information is private. The issuance will include both new and existing shares and a listing could take place as soon as this year, the people said.

TPG-backed FirstCry, led by founder Supam Maheshwari, was profitable in the financial year ended March ...