An insolvency plea has been filed against its substantial subsidiary, GlobalBees Brands, over claimed unpaid dues of almost INR 65 crore, according to Brainbees Solutions, the parent company of omnichannel baby products store FirstCry. Ashutosh Garg, Paritosh Garg, and Manju Agarwal have petitioned the National Company Law Tribunal's
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. In the 90's kids could have never imagined the appeal of online shopping. Nor did anyone fathom that e-commerce would transform the concept of purchasing. Taking the online shopping spree one step
At one of FirstCry's warehouses in Bengaluru, the Bureau of Indian Standards (BIS) carried out search and seizure operations and found items valued at INR 90 lakh. Bheemakkanahalli hamlet, Sulibele Hobli, Hoskote taluka, and Bengaluru rural district were all the sites of the one-day inspection. In a regulatory
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The franchise industry in India has been witnessing significant growth, with over 300 new franchise companies starting up every year. According to industry statistics, the Indian franchise business is expected to reach USD 140-150 billion in the next five years. Multi-unit franchisees account for 53% of all franchises in the
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
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In today’s overcrowded world of e-commerce, where high competition and customer loyalty are hard-won, FirstCry has emerged as a shining example of creating a brand that connects deeply with its audience. The brand was founded in 2010 by Supam Maheshwari and Amitava Saha and operated as an online platform
Brainbees Solutions Limited, the parent company of the well-known e-commerce platform FirstCry, announced on November 10, 2024, that a GST department inspection that started on November 6 had completed. The business said in a report to the stock exchanges that it answered all of the questions posed and cooperated completely
SoftBank Vision Fund partner Paul Davison has stepped down from his position as a non-executive director of the board of Brainbees Solutions, the company that runs the omnichannel children's clothing line FirstCry. The Pune-based business said in a stock exchange filing on September 22 that the resignation was
Show-Cause Notice
Show-cause notices have been issued to Brainbees Solutions, the parent company of FirstCry, in relation to employee stock ownership plan (ESOP) expenses that were close to INR 80 crore and were incurred during the fiscal years 2018-19 and 2021-22. The notices have been sent by the Income Tax Department in
Brainbees Solutions Ltd, the multi-channel retail platform that runs the 'FirstCry' brand, had a successful initial public offering (IPO) on Tuesday. The NSE listed price of a FirstCry share was INR 651, which was 40% more than the issue price of INR 465.00 per share. Shares of
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Starting a business from scratch can be a daunting task, especially when you consider the risks involved. It is a thrilling yet challenging endeavor, especially in a diverse and dynamic market like India. For those who want to minimize risks and leverage established business models, franchising is an excellent option.
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FirstCry's parent company, BrainBees Solutions Ltd, has announced that its red herring prospectus (RHP) indicates that the IPO would begin on August 6 and conclude on August 8. FirstCry reportedly plans to ask for a valuation between $2.9 and $3 billion when it goes public. Among the
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FirstCry is a multi-channel retailer that has a wide variety of items for mothers, children, and infants. With a wide range of products including diapers, feeding, skincare, toys, apparel, footwear, and more, FirstCry.com was born out of a desire to help the millions of Indian parents who struggle to
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Brainbees Solutions, the parent company of omnichannel retailer FirstCry, has submitted its draft red herring prospectus (DRHP) with plans to raise ₹1,816 crore through the issuance of fresh shares and an offer for sale of more than 54 million shares. The Pune-based company intends to utilize the raised capital
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From Amazon to Pepperfry, the eCommerce industry thrives in India, especially in B2C eCommerce companies. In fact, India is ranked first in the fastest-growing eCommerce market globally, with an estimated market value of $16.6 trillion by 2022. B2C means business-to-consumer, which refers to the business model where the companies
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Supam Maheshwari serves as the Chief Executive Officer (CEO) of the baby care firm, FirstCry based in Pune, Maharashtra, India. He is a first-generation entrepreneur who has a sharp business mindset. He is a brilliant executioner and is well known for his leadership skills. He first established a company called
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The city of Pune is the cultural capital of Maharashtra and a hub for the automotive and IT sectors. Pune is a favorable destination for investments in India. It has paved way for several emerging startups. The city’s close proximity to Mumbai adds to its advantage in trade, business,
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A brand ambassador is the image of image and therefore, lies crucial to the growth and success of the brand. This is because it is the ambassador of the brand who embodies the brand that he or she is endorsing, thereby leading to influencing the consumers and raising awareness. In
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The world we live in is always in need of innovation. Be it from domestic help to data analysis. For all of this one thing is unavoidable - investment. With an aim of investing in transformative technologies, The Japanese company SoftBank has initiated a $100 venture capital fund called the
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"If you want to walk fast, walk alone. But if you want to walk far, walk together." - Ratan Tata, Tata Group Ratan Tata is a prolific investor and has made numerous investment in many Startups. His style of investment and funding are revered by many across the
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on. India has traditionally been a risk-averse market, and most toy distributors focused on traditional categories like dolls, vehicles, and