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GLOBALBEES STAKE ACQUISITION
FirstCry subsidiary Globalbees increases stake in appliances brand Candes to 92%Brainbees Solutions’ subsidiary, Globalbees Brands, has raised its stake in Candes Technology from 62% to 92% by buying an additional 30% f...- FirstCry’s GlobalBees takes full control of Cloud Lifestyle with Rs 60.29 lakh stake buyThe all-cash deal makes Cloud Lifestyle, a personal care, beauty, and wellness products company, a wholly owned subsidiary of GlobalBees. C...
- Urban Company turns profitable; GlobalBees faces insolvencyIPO-bound at-home services company Urban Company turned profitable in FY25. This and more in today’s ETtech Top 5.
- Insolvency plea filed against FirstCry subsidiary GlobalBeesIn an exchange filing, BrainBees Solutions, parent company of FirstCry, said that Ashutosh Garg, Paritosh Garg and Manju Agarwal have petit...
- GlobalBees CEO Nitin Agarwal resigns; Anuj Jain to take overNitin Agarwal, CEO of FirstCry’s house of brands arm GlobalBees, has resigned citing personal reasons, according to a stock exchange filing...
- House of cards: Roll-up ecommerce model stumbles as founders reclaim brands amid funding strugglesOvervalued acquisitions, financial mismanagement, and unmet promises have led to founders buying back brands at a fraction of the original ...
- FirstCry parent Q2 net loss narrows to Rs 63 croreThis is the result of the company’s focus on improving profitability while boosting the topline, said cofounder and CEO Supam Maheshwari.
- Ecommerce roll-up companies pause brand buyouts, seek funds for survivalSmaller startups in the ecommerce roll-up space like 10club and Upscalio have either pivoted or are looking to be acquired while bigger riv...
- Logistics firm Xpressbees buys Trackon in all-cash dealAmitava Saha, chief executive of Xpressbees, said he will leverage his logistics firm’s existing network to scale up Trackon across the cou...
- Puma India head Abhishek Ganguly’s new startup raises $52 million fundingGanguly, who is leaving the German sports and apparel maker in August, told ET that Agilitas Sports will look to partner and invest across ...
- FirstCry subsidiary Globalbees signs pact to sell overseas brands in IndiaNitin Agarwal, cofounder and CEO of Globalbees, told ET in an interaction that the firm has signed up around 10 such brands, including Aust...
- Good Glamm gets 90% stake in The Moms Co as founders exitThe Moms Co founders to stay on board, can divest their pending 10% stake in the next one year.
- FirstCry appoints bankers, eyes IPO in 2022FirstCry cofounder and CEO Supam Maheshwari declined to comment while emails sent to Kotak Mahindra Capital and Morgan Stanely are yet to e...
- Thrasio CEO calls India a big long-term bet, to invest $500 millionThrasio has made its first acquisition in India by purchasing a majority stake in consumer durables brand Lifelong. Lifelong cofounder Bhar...
- Sebi proposes new rules for startup IPOs; SoftBank eyes Indian fintechIndia's markets regulator has made several proposals for startup IPOs in a paper it released on Tuesday.
- Rollup ecommerce: an idea whose time has comeThe largest acquirer of Amazon businesses and one of the top 25 sellers on Amazon, three-year-old Thrasio is credited with creating a whole...
- Mensa Brands takes majority stake in 10 consumer brandsFive-month-old Mensa, which is trying to build a 'tech-led house of brands' has acquired anywhere between 51% and 75% in these brands and w...
- Exclusive: Thrasio eyes India entry, in talks to acquire Lifelong OnlineThe US-based company has lined up about $500 million for the Indian market
- Mamaearth valued at $730 million as Sofina leads $50 million fundingD2C brand to go deeper in offline market, acquire personal care brands.
- Blackstone's edtech bet; GlobalBees and Spinny score bigFrom Blackstone's newest edtech bet to GlobalBees's $150 million fundraising and the latest on the Pegasus spyware, here's a quick look at ...
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