Globalbees Brands Private Limited is in talks to raise fresh capital in the range of over $100 million at a valuation of more than $1billion in around led by FirstCry, people aware of the development told BusinessLine. SoftBank Group Corp. (TSE:9984), Lightspeed India, ChrysCapital, PremjiInvest among other existing investors might also be seen participating in the round. The round will likely see Japanese investment firm SoftBank make its first direct investment of around $15 million in a Thrasio-like start-up in India. Separately, SoftBank has been an active investor in FirstCry, having a stake of approximately 36-40 %. FirstCry which owns a stake of around 51 per cent in GlobalBees, will be investing nearly $50 million in the latest round," said one of the sources. The deal is still being negotiated, and the final numbers could differ a bit, the source added. Over the next one year, GlobalBees plans to build a portfolio of companies with an overall turnover of $100-150 million through this portfolio," the source said. When contacted a spokesperson for GlobalBees declined to comment on the numbers, saying in a statement: The information shared by you is factually incorrect. As and when we have a new development, we will reach out to you". Earlier in July, three months into its launch, GlobalBees had raised $150 million in Series A round led by FirstCry and the other existing investors including Chiratae Ventures. The round was a mix of $75 million in debt and $75 million in equity funding. Separate emails sent to all the above-mentioned investors seeking comments went unanswered at the time of publishing.