FirstCry
From Wikipedia the free encyclopedia
| Company type | Private |
|---|---|
| Industry | |
| Founded | November 2010[1] |
| Founders |
|
| Headquarters | Pune, Maharashtra, India |
Area served | India |
Key people | Supam Maheshwari (CEO) |
| Services | Online shopping |
| Revenue |  ₹6,481 crore (US$780 million) (FY24)[2] |
 ₹−321 crore (US$−38 million) (FY24)[2] | |
| Owners |
|
Number of employees | 2,000+ (2021) |
| Parent | BrainBees Solutions Ltd |
| Website | www |
FirstCry is an Indian e-commerce company focused on baby products retailing. The company was started in 2010 and is headquartered in Pune. As of June 2023, the company had over 900 brick-and-mortar stores of FirstCry and BabyHug across India.[4]
History
[edit]In 2016, FirstCry acquired BabyOye, owned by the Mahindra Group, for ₹362 crore (US$53.87 million).[5][6] The merged entity did business under the name FirstCry.com, a FirstCry Mahindra Venture.[7][8]
FirstCry opened its first outlet in Srinagar in May 2019.[9]
In 2019, the company acquired playschool company Oi Playschool.[10][11]
In 2020, FirstCry raised over ₹1,000 crore from SoftBank in its series E round of financing.[12]
In 2021, FirstCry raised ₹95 crore ($13 million) in an equity funding round from pi Ventures.[13]
References
[edit]- ^ a b Dey, Sudipto (28 September 2013). "Wide reach, low cash-burn help Firstcry rule baby care space". Business Standard. Retrieved 9 January 2024.
- ^ a b Manchanda, Kunal (31 July 2024). "FirstCry FY24 revenue crosses Rs 6,500 Cr; GlobalBees contributes 18.6%". Entrackr. Retrieved 27 December 2023.
- ^ Kashyap, Hemant (30 December 2023). "FirstCry DRHP: A Deep Dive Into The Shareholding Pattern & People At The Helm". Inc42 Media. Retrieved 31 July 2024.
- ^ "FirstCry files IPO papers to raise Rs 1,816 crore. SoftBank, Mahindra & Mahindra to sell stake". Economic Times. Retrieved 8 January 2024.
- ^ Marya, Ashita (2 January 2020). "FirstCry Has Revamped Baby Apparel Shopping In India". Entrepreneur. Retrieved 14 March 2020.
- ^ Chanchani, Madhav (15 October 2016). "Firstcry acquires Mahindra's baby care franchisee business for Rs 362 crore". The Economic Times. Retrieved 14 March 2020.
- ^ "FirstCry, Mahindra Retail consolidate business". @businessline. 15 October 2016. Retrieved 14 March 2020.
- ^ Chakraborty, Sayan (15 October 2016). "FirstCry buys Mahindra's BabyOye for Rs362.1 crore". Livemint. Retrieved 14 March 2020.
- ^ "FirstCry.com opens outlet in Srinagar". Greater Kashmir. 29 May 2019. Retrieved 14 March 2020.
- ^ Mohapatra, Debasis (19 February 2020). "Firstcry secures around $400 mn from Softbank as part of series-E funding". Business Standard India. Retrieved 14 March 2020.
- ^ Chanchani, Madhav (29 November 2019). "SoftBank-backed FirstCry acquires playschool chain Oi". The Times of India. Retrieved 14 March 2020.
- ^ "SoftBank investing Rs 1,055.57 crore in FirstCry". The Financial Express. 7 February 2020. Retrieved 14 March 2020.
- ^ Bhalla, Kritti (29 March 2021). "Exclusive: Firstcry Valuation Close To $2 Bn After $13 Mn Round". Inc42 Media.
External links
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