Boardroom Shake-Up: Three Directors Exit FirstCry’s GlobalBees Brand

GlobalBees, a FirstCry affiliate, keeps losing employees. According to various media reports, over the past three to four months, three members of GlobalBees' board of directors have resigned: Kaveesh Chawla, board representative of Premji Invest; Sudhir Kumar Sethi, board representative of Chiratae Ventures; and Harsha Deepak Kumar, board representative of Lightspeed India Partners.

 According to a media report, the directors had to leave in order to prevent any possible conflicts or regulatory difficulties because GlobalBees is a FirstCry subsidiary and thus had access to unpublished price-sensitive information (UPSI).

 According to a spokeswoman for Premji Invest, the company generally refrains from holding board positions in publicly traded firms or their subsidiaries. Premji Invest resigned from the Board of FirstCry and GlobalBees, a FirstCry subsidiary, several months ago in accordance with this concept.

A media report claims that Premji and Chiratae are still involved with FirstCry and are its stockholders. They are leaving GlobalBees in accordance with UPSI regulations.

By preventing anyone with access to sensitive information from trading a company's stocks before the information is made public and its effect is reflected in the market price, SEBI's Unpublished Price Sensitive Information (UPSI) regulations seek to prevent insider trading.

Exit Culture Getting Popular at GlobalBees

Additionally, all of these significant departures coincide with certain senior-level departures from GlobalBees: CEO of GlobalBees Nitin Agarwal (exited April 2025) InternationalBees' CBO, Damandeep Soni (exited August, 2024) Globalbees Senior Vice President Mohit Saxena exited in February 2025.

Home, kitchen, furniture, and appliance category head Abhishek Biswas (who exited in March 2025) and Operations Executive VP Venkatesh SS Deepak Khetan, Head of Corporate Development and CFO (exited June 2).

Founded in 2021, GlobalBees invests in and buys D2C brands that offer goods on Flipkart, Amazon India, and other online marketplaces.

It collaborates with businesses that have developed products in specialist markets like sports, fast-moving consumer goods (FMCG), home organisation, and lifestyle based on consumer data. Among other brands, the startup has previously purchased Candes Technology, andMe, and The Clownfish.

Financial Dynamics of GlobalBees

Lightspeed and SoftBank are among the investors in the business, which has garnered more than $175 million in total capital to date. Players like BRND.ME (previously Mensa Brands), Evenflow, and GOAT Brand Labs are competitors of the startup.

As part of the first tranche of its INR 146 Cr infusion, FirstCry invested INR 73 Cr in GlobalBees just last month.