FirstCry Revenue surpasses INR 1,700 crore in FY22
FirstCry has registered a profit after tax (PAT) or consolidated profit of INR 215.94 crore in FY21. Its revenue from operations has increased to INR 1,602.8 crore in FY21 from INR 814 crore in FY20. April 11, 2022 Pune-based omnichannel company FirstCry has reaped substantial profit gains in the FY 2021-22 ending on March 31, […]
India’s Sovereign Wealth NIIF Invests in FirstCry
The majority of the secondary financing of FirstCry is from NIIF and Premji, and a few other investors have also onboarded in this new funding round. February 11, 2022 India’s sovereign wealth fund – the National Investment and Infrastructure Fund (NIIF) — has made its first bet on FirstCry, India’s largest e-commerce firm for newborns, […]
Baby Care D2C brand Baby Amore gets Funding from GetVantage
In the first year of operations, Baby Amore has sold 30,000 products; in 2021, the company clocked revenue of INR 3.5 crore, up 70 percent from the previous year. January 29, 2022 Baby care startup Baby Amore has secured undisclosed external funding from GetVantage, a revenue-based financing fintech platform, and marketplace. Started in 2019 by […]
Flipkart JV to bring Toys“R”Us to online customers in India
In this partnership, the collective expertise of Flipkart and Ace Turtle makes them the partner of choice for Toys“R”Us’s growth in India. June 22, 2021 E-commerce major Flipkart has formed a joint venture with Ace Turtle to bring Toys“R”Us and Babies“R”Us to its platform. As published in a leading daily, the joint venture company has […]
Toy Retailer Tablez to Launch Proprietary Toy Brand in India
The company is planning to set up 250 toy stores/family fun points in the next five years. June 18, 2021 Tablez, Abu Dhabi-based retail and F&B group which has a presence in India, will rebrand its existing toy stores and unveil a proprietary toy retail brand in the country in the coming weeks. The company, […]
FirstCry Raises USD 315 Million by Private Equity Investors
The current investment has doubled the valuation of the leading omnichannel platform for baby, mother and kids. March 30, 2021 A consortium of private equity investors – TPG, ChrysCapital, and Premji Invest – has invested around USD 315 million in Firstcry, valuing the omnichannel children’s retailer at around USD 1.9-2.1 billion, three people with direct […]