First Cry

Business

FirstCry’s Parent Company, Brainbees, Files for ₹1,816 Crore IPO in Mumbai

Brainbees Solutions, the parent company of FirstCry, has filed for an IPO in Mumbai. The IPO includes fresh shares worth ₹1,816 crore and the offloading of 54.39 million shares by existing investors. Notable sellers include SoftBank’s SVF Frog, Mahindra & Mahindra, and TPG Growth. The funds raised will support new stores, warehouse construction, Saudi Arabian expansion, and more. FirstCry, profitable…