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GLOBALBEES FUNDING
Sebi eases Esop rules; VCs chase secured creditThe markets regulator has relaxed Esop rules for founders preparing to take their companies public. This and more in today’s ETtech Morning...- FirstCry Q3 loss narrows by 70%, revenue grows nearly 15%FirstCry's consolidated operating revenue increased 14.3% to Rs 2,172.3 crore, up from Rs 1,900.1 crore in the same period last year. Reven...
- 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 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
- 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 India operating partner Vikas Agnihotri leaves fundPrior to his SoftBank stint, he was an interim head for Google in India in 2020. His official designation there was managing director, sale...
- 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...
- FirstCry plans secondary offer to sovereign funds at $ 3 billion valuationInitial talks on for around $100m transaction; SoftBank to sell small stake.
- Amazon's JV seller Appario starts shipping inventory to new merchants; India working on Big Tech regulationsET had reported in August last year that multiple new sellers - Dawntech, Clickteck, EZ Retail, Rocket Kommerce, VRP Telematics and Cocoblu...
- 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...
- ETtech Deals Digest: D2C startups steal the showNeso Brands, GreyOrange and Fashinza collectively raised over $300 million.
- Shake-up looms as funding party ends for roll-up ecommerce modelWill a duopoly with two of the players, Mensa and GlobalBees, taking a disproportionate share of capital lead to a major consolidation in t...
- Ecommerce roll-up firm Goat Brand Labs finalising $50 million financing through convertible debtSources said Goat is raising this round through convertible share warrants. This means incoming investors will be able to convert these war...
- 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.
- 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...
- Exclusive: Thrasio eyes India entry, in talks to acquire Lifelong OnlineThe US-based company has lined up about $500 million for the Indian market
- Goat Brand Labs raises $36 million from Tiger Global, Flipkart, othersGoat Brand Labs—a Thrasio-style venture of former Flipkart executive Rishi Vasudev—has also secured debt financing of $18 million, taking t...
- GlobalBees, a Thrasio-style investment platform, raises $150 millionGlobalBees’ funding round, the biggest for a Thrasio-style startup in India, was led by FirstCry and some of its investors and included Lig...
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