With over 2 lakh products ranging across 5800 brands, firstcry.com today is Asia's largest online baby and kids’ product store. The company boasts of over 9.2 crore monthly engagement on its platform. The venture also has over 350 franchisees, brick-and-mortar stores across 83 cities in India. It was founded by Supam Maheshwari, Amitava Saha, Prashant Jadhav and Sanket Hattimattur as an online platform for baby products in 2010. The company turned a unicorn in February 2020 after receiving $300 million funding from SoftBank Vision Fund. According to a report by The Economic Times in March this year, private equity firms TPG, Premji Invest and ChrysCapital invested around $100 million each into FirstCry, taking its valuation to $1.9-$2.1 billion. The company is also looking at going with an initial public offering (IPO) way over the next two years. It started its operations in 2010 and acquired BabyOye from Mahindra in 2016. FirstCry’s GlobalBees has also acquired women’s health startup ‘andMe’ through a mix of cash and equity. GlobalBees bought the company for about Rs 30 crore, which is 5 times its valuation in the financial year 2020. The startup was valued at over Rs 6 crore, as per its filing with the Ministry of Corporate Affairs. More
FirstCry-parent Brainbees Solutions saw their biggest single-day gain in several months by rising nearly 17% to trade at Rs 396.50 apiece
GlobalBees, which invests in and operates a portfolio of digital-first consumer brands, is actively seeking legal advice and plans to challenge the plea even at the admission stage, the company said in an exchange filing.
Cochin Shipyard share price: The defence stock has jumped over 50% in the past one month.
BIS officials discovered that several products were stored and sold with forged or misused ISI marks. A total of 36,924 units spanning 33 product varieties were seized during the operation
On May 27, Brainbees Solutions was the top loser on BSE Midcap index due to its underwhelming Q4 results
FirstCry's revenue from operations meanwhile jumped nearly 14 percent to Rs 2,172 crore as more users came on to the platform and the company’s businesses matured
We remain very optimistic and will keep working hard to deliver on both growth and profitability expansion front on YoY basis, the company said.
FirstCry India's accounts for over 20 percent of the market share in organised (online + brick and mortar) childcare market in India.
The Pune-based mother and baby products company had seen its losses narrowing 31 percent from Rs 110 crore in Q1FY24 to Rs 76 crore in Q1FY25.
The Pune-based mother and baby products company had seen its losses narrowing 31 percent to Rs 76 crore in Q1FY25 from Rs 110 crore in Q1FY24
The company said it is co-operating with the officials and is responding to all the clarifications and details sought by them
The company, which went public on August 13, had raised Rs 1,666 crore in primary capital during its IPO.
This is the first time the company has declared its results after going public earlier in the month.
The Indian IPOs are a positive sign after the Vision Fund segment fell to a loss of ¥204.3 billion ($1.4 billion) in the June quarter, weighed down by writedowns on a portfolio of young, loss-making technology companies.
The fee income earned by bankers from these two IPOs represent almost 20 percent of the total IPO fee income in 2024, with the total fee earnings so far standing at Rs 1,214 crore across 44 IPOs.
The initial public offer of Brainbees Solutions received 12.22 times subscription on the closing day of bidding on Thursday.
The statement comes amid ongoing debate among investors and founders over the sale of founder shares in secondary markets, a trend increasingly common among new-age companies
Brainbees Solutions, the parent of FirstCry, mobilised Rs 1,885.8 crore through anchor book on August 5
So far, the employees were at the forefront, buying 44 percent of the reserved portion of the Brainbees Solutions IPO.
Long-term outlook is promising, given its strong brand, niche positioning, robust execution capabilities, and the potential for margin improvement.
While the Japanese tech investor is offering sell shares worth up to Rs 1,287 crore in the three IPOs, it will still be left with up to Rs 11,011 crore of their shares after the companies list on the bourses
"There is no pressure for a company of our stature, size and maturity curve. What is the pressure if you have been delivering operational profitability for the last four years," says FirstCry founder Supam Maheshwari.
Among the big winners in the IPO is Ratan Tata who holds 77,900 shares in FirstCry which were bought at an average price of Rs 84.72. The price band for the IPO has been set at Rs 440- Rs 465 apiece
Brainbees Solutions, which operates omnichannel businesses of kidswear under the brand name FirstCry, has set a price band of Rs440-465 a share for its initial public offerings. The issue opens on August 6, with anchor bidding starting on August 5. The IPO closes on August 8. Catch Nandita Khemka in conversation with Supam Maheshwari, Managing Director and CEO, Brainbees Solutions (Firstcry) to know more about their growth and expansion plans.
The issue opens on August 6, with anchor bidding starting on August 5. The IPO closes on August 8.