Highlights
FirstCry Invests in Globalbees
FirstCry, an omnichannel baby products retailer, has made a significant investment of Rs 73 crore into its subsidiary Globalbees Brands Pvt. Ltd. This investment is part of the second tranche of its Series C2 funding round, according to a filing with the stock exchange.
Investment Details
Based in Pune, FirstCry subscribed to 2,220 Series C2 compulsory convertible preference shares (CCPS) at a face value of Rs 5 each, accompanied by a premium of Rs 3,28,845 per share on September 11. As a result, FirstCry’s stake in Globalbees has increased from 51.12% to 51.51% on a fully diluted basis.
Funding Strategy
This investment represents the board-approved initiative to invest a total of up to Rs 146 crore in Globalbees across one or more tranches. The recent funding falls under the Series C2 Share Subscription Agreement signed on March 30, 2025.
In conjunction with FirstCry’s investment, Globalbees has issued a total of 3,041 Series C2 CCPS to its existing shareholders, successfully raising an aggregate of Rs 100 crore in this funding round.
Financial Performance
FirstCry reported robust revenue growth from operations, reaching Rs 1,862.56 crore in Q1 FY26, a significant increase from Rs 1,652 crore in Q1 FY25. The company also managed to reduce its losses by 13%, reporting a loss of Rs 66.5 crore during the same period. Notably, FirstCry achieved a positive EBITDA of Rs 75 crore.