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FIRSTCRY GLOBALBEES STAKE
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 parent to extend hygiene play with KA Enterprises acquisitionFirstCry's parent company is expanding its hygiene offerings. A subsidiary will acquire KA Hygiene for Rs 57.74 crore. This move aims to st...
- 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...
- Kotak Equities forecasts robust growth for BrainBees: 17% revenue, 30% EBITDA CAGR; initiates 'add' ratingFirstCry, India’s largest multi-brand platform for mothers, babies, and kids, served 8.7 million ATCs in FY2024 through its e-commerce site...
- FirstCry arm Globalbees logs 55% jump in Q2 revenueAccording to Supam Maheshwari, cofounder and CEO, the growth is the result of an increase in demand for direct-to-consumer (D2C) products.
- 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.
- FirstCry parent files IPO papers, to raise Rs 1,816 crore via sale of new sharesExisting investors including SoftBank, Premji Invest also selling shares; company to use IPO proceeds for new stores, overseas expansion
- FirstCry parent files draft IPO papers: Six key takeawaysOmnichannel retailer FirstCry aims to raise Rs 1,816 crore through the issue of fresh shares, along with an offer for sale of more than 54 ...
- IPO-bound FirstCry’s FY23 revenue doubles to Rs 5,632 crore; loss shoots up six timesThe public markets-bound firm had made operating revenue of Rs 2,401 crore in FY22 when it incurred a total loss of Rs 78.6 crore, accordin...
- SoftBank Vision Fund sells more of its FirstCry stake ahead of IPOFamily offices of Indian cricketer Sachin Tendulkar, Ravi Modi of ethnic wear brand Manyavar, Infosys cofounder Kris Gopalakrishnan, and TV...
- SoftBank-backed FirstCry set to file for IPO, eyes $500-600 million raiseFirstCry will be the second Indian vertical e-commerce platform to go public after Nykaa’s IPO in 2021. The Pune-headquartered company spec...
- 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...
- FirstCry plans secondary offer to sovereign funds at $ 3 billion valuationInitial talks on for around $100m transaction; SoftBank to sell small stake.
- 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...
- 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...
- Xpressbees headed to unicorn club, in talks for $300 millionXpressbees will raise $100 million by offering fresh shares, where the proceeds will go into the company’s coffers, the people said. Some o...
- GlobalBees enters unicorn club with $110 million funding led by Premji InvestPost the investment, GlobalBees said its valuation has risen to $1.1 billion.
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