Latest news with #FirstCry
Economic Times
3 days ago
- Business
- Economic Times
FirstCry's GlobalBees takes full control of Cloud Lifestyle with Rs 60.29 lakh stake buy
IANS Brainbees Solutions, the parent company of mother and baby care products retailer FirstCry, announced that its material subsidiary, GlobalBees Brands Pvt Ltd, has acquired an additional 10% stake in Cloud Lifestyle Pvt Ltd for Rs 60.29 lakh. With this acquisition, Cloud Lifestyle, which deals in personal care, beauty, and wellness products, will become a wholly owned subsidiary of GlobalBees. According to the company filing, the acquisition announced on August 14, 2025, was executed via cash transaction under the terms of an earlier investment agreement dated November 12, 2021. Cloud Lifestyle, incorporated in 2017, reported a turnover of Rs 55.35 crore in FY25 compared to Rs 13.07 crore in the previous year. Meanwhile, FirstCry reported a subdued performance for the quarter ended March 31, with its consolidated net loss widening 2.5 times year-on-year (YoY) to Rs 111.5 crore, compared to Rs 43 crore in the same period last year. FirstCry's house-of-brands subsidiary, GlobalBees, which recently faced legal hurdles, reported a 31% rise in operating revenue to Rs 426.5 crore. Its international business grew 13% YoY to Rs 207.3 crore. FirstCry's board has approved an additional investment of Rs 19.96 crore in GlobalBees as part of the IPO proceeds utilisation. Earlier, it had cleared an investment of up to Rs 146 crore in GlobalBees through the subscription of compulsorily convertible preference shares (CCPS). Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Tariffs, tantrums, and tech: How Trump's trade drama is keeping Indian IT on tenterhooks Good, bad, ugly: How will higher ethanol in petrol play out for you? As big fat Indian wedding slims to budget, Manyavar loses lustre As 50% US tariff looms, 6 key steps that can safeguard Indian economy Stock Radar: JSPL forms Ascending Triangle pattern on weekly charts, could hit fresh 52-week high soon Nifty and business are different species: 5 small-cap stocks from different sectors with upside potential of up to 30% F&O Radar | Deploy Bear Put Spread in Nifty to play index's negative stance amid volatility Wealth creation: Look beyond the obvious in some things; 10 fertilizer sector companies worth watching
Time of India
3 days ago
- Business
- Time of India
Silicon dreams meet India; FirstCry's well-rounded Q1
Next Silicon dreams meet India; FirstCry's well-rounded Q1 Want this newsletter delivered to your inbox? Also in the letter: Global chipmakers explore India collabs for new lease of life Driving the news: This is part of a broader strategy to claim a slice of the growing market in India, one of these analysts said. Japanese electronics firm Sharp and US chipmaker Onsemi are among those scouting for Indian allies, ET had reported. Their interest reflects a broader trend: finding safe, scalable manufacturing bases outside China, where local rivals now dominate sectors once led by Korean and Japanese giants. Also Read: Zoom out: Ironing out kinks: Also Read: FirstCry narrows loss in Q1 on broad-based growth Financials: Net loss stood at Rs 66.5 crore, down 12% YoY. Consolidated revenue from operations rose 12.7% YoY to Rs 1,862 crore, up from Rs 1,652 crore a year earlier. Compared to the March quarter, revenue dipped 3.5%, though losses also eased. Pain points: Tell me more: Unicommerce international arm turns profitable in Q1 Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Rapido's food delivery app Ownly goes live in Bengaluru Tell me more: A wider launch is on the cards. As we reported in July, the company is eyeing 10 more cities by next year. For now, it is testing the waters with a clear play: affordability. Rapido charges a flat fee of Rs 25 for orders under Rs 400, and Rs 50 for orders above. Restaurants in the pilot have been nudged to showcase 4-5 popular items priced below Rs 150. These low-cost picks are front and centre on the app. Disruption, encore: Detailed report on Ownly pilot: Changing ties: Also Read: Other Top Stories By Our Reporters BlueStone IPO subscribed 2.7 times: Startup IPOs deliver only 36% long-term returns: Refold AI out of stealth with $6.5 million raise: Global Picks We Are Reading Happy Thursday! International semiconductor companies are vying to cash in on the India opportunity. This and more in today's ETtech Morning Dispatch.■ Rapido dishes out Ownly■ BlueStone IPO closes■ Startup IPOs' returnsGlobal semiconductor firms reeling from financial pressure are actively exploring strategic partnerships in India , drawn by the country's expanding digital economy and generous government semiconductor push—fuelled by a robust domestic market, improving infrastructure, and a growing engineering talent base—is becoming a magnet for global players, according to still nascent, India's chip ecosystem is showing promise. Several projects have already taken off under the India Semiconductor Mission, which offers billions in fiscal support. For firms grappling with high production costs and stiff global competition, a subsidised setup in India is an enticing proposition, industry watchers India is not the only option on the table. Experts caution that the country must first bridge critical talent and skill gaps across the chipmaking value chain if it hopes to capitalise on this momentum Maheshwari, CEO, FirstCryBrainbees Solutions, the parent of mother and baby care retailer FirstCry, narrowed its consolidated net loss by 12% year-on-year (YoY) in the quarter ended June, as various business segments reported in consumption, shifts in the last-mile delivery ecosystem, and geopolitical tensions in North India impacted performance in the April-June quarter, according to chief executive Supam Maheshwari. The company anticipates an improvement moving board approved an additional Rs 19.96 crore investment in Globalbees, its house of brands arm, using proceeds from its initial public offering (IPO).Kapil Makhija, CEO, UnicommerceUnicommerce Esolutions' international arm, operating in six countries, became operationally profitable in the first quarter of FY26 , supported by cost reductions and new clients. Revenue increased by 64% to Rs 45 crore, while net profit remained steady at Rs 3.8 crore after fully acquiring Shipway, which is now net profitable. The firm added Lenskart and boAt to its list of 88 Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship firm Rapido has officially stepped into the food delivery game. Its new app, Ownly, is now live in select parts of Bengaluru , including Koramangala, HSR Layout, and BTM Layout, in a pilot Swiggy and Zomato are upping fees, Rapido is swinging the other way. It plans to charge restaurants 8–15% commission, far below the industry's typical 16–30%. The playbook is familiar. Just as it shook up India's cab market, Rapido now wants to unsettle the food delivery ambition has ruffled some feathers. Swiggy, which owns a 12% stake in Rapido, plans to exit . 'We are extremely happy with their [Rapido] success…but do acknowledge a potential conflict of interest that may arise in the future," the company told Singh Kushwaha, CEO, BluestoneBy the final day of the offer , institutional investors drove demand, with their portion subscribed 4.28 times. The retail basket was subscribed 1.35 times, but non-Institutional investors only bid for 55% of their allotted new-age tech IPOs launched between May 2020 and June 2025 achieved an average return of only 36% , and just 32% of those who invested after listing have made a profit, according to advisory firm Client on automating enterprise application programming interface (API) integrations, the AI startup raised funds in a new round co-led by Eniac Ventures and Tidal Ventures to expand the engineering team, improve product integrations, and support the growing enterprise customer base.■ AI companies are chasing government users with steep discounts ( The Verge ■ Companies embrace in-person interviews to dodge the chatbots ( Axios ■ Dubai's robotaxi dreams are coming for human drivers ( Rest of World
Hans India
3 days ago
- Business
- Hans India
FirstCry parent Brainbees' net loss stands at Rs 66.5 crore in Q1
Mumbai: Omnichannel kidswear brand FirstCry's parent company, Brainbees Solutions, on Wednesday reported a consolidated net loss of Rs 66.5 crore for the first quarter (Q1) of FY26. This is 12 per cent lower than the Rs 75.6 crore loss recorded in the same quarter previous year (Q1 FY25), according to its stock exchange filing. On a sequential basis, the loss fell sharply by 41 per cent from Rs 111.5 crore in the previous March quarter (Q4 FY25). The company's operating revenue for the April–June quarter rose 13 per cent year-on-year (YoY) to Rs 1,862.6 crore, compared to Rs 1,652.1 crore a year ago. However, revenue slipped 3.5 per cent from Rs 1,930.3 crore in the preceding quarter, the company stated in its regulatory filing. Including other income of Rs 48.4 crore, the total income increased 14 per cent YoY to Rs 1,911 crore. Total expenses during the quarter grew 14 per cent to Rs 1,829.4 crore. Earnings before interest, tax, depreciation, and amortisation (EBITDA) dropped 33 per cent to Rs 33.10 crore from Rs 49.10 crore in the same period previous year, with the EBITDA margin narrowing to 1.8 per cent from 3 per cent. The company announced its results after market hours. On Wednesday, Brainbees' shares closed 0.07 per cent lower at Rs 374.90 on the National Stock Exchange (NSE), while the benchmark Nifty gained 0.54 per cent. The stock has fallen 44.79 per cent over the past year and 42.50 per cent so far in 2025, as per the official data. Along with its Q1 results, Brainbees said its board has approved an investment of Rs 19.96 crore in Globalbees Brands Private Limited, a key subsidiary. The investment will be made from the company's IPO proceeds. Globalbees operates in multiple consumer categories, including beauty, home care, personal care, nutrition and wellness, fashion jewellery, eyewear, health and fitness, sports, and home and kitchen appliances.
Time of India
4 days ago
- Business
- Time of India
FirstCry trims Q1 loss; Fractal's Rs 4,900-crore IPO
Next FirstCry trims Q1 loss; Fractal's Rs 4,900-crore IPO Want this newsletter delivered to your inbox? Also in the letter: FirstCry trims net loss in Q1, revenue rises Financials: Net loss stood at Rs 66.5 crore, down 12% (YoY). Consolidated revenue from operations rose 12.7% YoY to Rs 1,862 crore, up from Rs 1,652 crore a year earlier. Compared to the March quarter, revenue dipped 3.5%, though losses also eased. Tell me more: Nykaa, Mamaearth shares surge on Q1 profits Nykaa: Honasa Consumer: Also Read: Fractal Analytics eyes Rs 4,900 crore IPO By the numbers: Fresh issue: Rs 1,279.3 crore OFS: Rs 3,620.7 crore from Apax Partners (Rs 1,462 crore), TPG (Rs 1,999 crore), and early angels. Between the lines: Between the lines: Zoom out: BlueStone Jewellery IPO subscribed 2.70 times The Qualified Institutional Buyers (QIBs) portion led with 4.28x subscription Retail Individual Investors (RIIs) came in at 1.35x. The Non-Institutional Investors (NII) segment was subscribed 55%. Issue details: Rs 820 crore in fresh issue 1.39 crore shares in an offer-for-sale from existing investors, including Accel, Saama, Kalaari, Iron Pillar, and Sunil Kant Munjal At the top price band, BlueStone commands a valuation of Rs 7,823 crore. Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: 'You liar': Online spat between Elon Musk and Sam Altman heats up 'You liar': Yes, and: War of bots: What's behind Perplexity's $34.5 billion bid for Google Chrome Why it matters: Between the lines: What's next: Also Read: Perplexity opens India stock and crypto data Why it matters: Details: Crypto data comes via Coinbase. Usage of Perplexity Finance has jumped 8x since launch. The tab joins Travel and Education in Perplexity's growing vertical suite. Explainer: US shifts H-1B to wage-based picks Why it matters: Catch up: Between the lines: What's next: Mother and baby care retailer FirstCry narrowed its losses in the first quarter of FY26 as sales grew. This and more in today's ETtech Top 5.■ Musk-Sam Altman feud heats up■ Perplexity comes for Google Chrome■ Salary to decide H-1B picksBrainbees Solutions, the parent of mother and baby care retailer FirstCry, narrowed its consolidated net loss by 12% year-on-year (YoY) in the quarter ended board approved an additional Rs 19.96 crore investment in Globalbees, its house of brands arm, using proceeds from its upcoming initial public offering (IPO).Investors cheered quarterly results from beauty and personal care players Nykaa and E-commerce Ventures, the parent of Nykaa, posted a 79% jump in net profit to Rs 24 crore for the April–June period. Operating revenue climbed 23% year-on-year to Rs 220.75 of the company ended 4.93% higher at Rs 215.05, with an intraday high of Rs 220.75. The market cap stood at Rs 61,520 at Mamaearth parent saw a 2.7% rise in net profit to Rs 41 crore. Revenue grew 7% to Rs 595 rose 6.15% to Rs 284.60, after touching an intraday peak of Rs 304.98. Its market value closed at Rs 9,256 Velamakanni, cofounder, Fractal AnalyticsAI and analytics firm Fractal Analytics has filed for a Rs 4,900 crore IPO with Sebi , targeting a December listing on the NSE and BSE. If successful, it could become India's first pure-play AI company to go Srikanth Velamakanni and Pranay Agarwal together own 20%. Employees hold 17% through Esops—potentially minting over 100 new millionaires. Fractal's valuation climbed to $2.4 billion after a $172 million secondary sale . It turned unicorn in 2022 following TPG's $360 million serves top-tier Fortune 500 clients, with 65% revenue coming from the US. The listing joins a packed 2025 pipeline alongside InMobi and Capillary Singh Kushwaha, CEO, BluestoneOmnichannel jewellery retailer BlueStone saw its IPO subscribed 2.70 times on the final day of share sale on Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship opportunities. The public brawl between Elon Musk and Sam Altman is spiralling, with personal attacks now front and centre. Musk branded the OpenAI CEO a 'liar' on X, accusing him of misleading the public amid their ongoing war of words. The post quickly drew widespread attention, leaving many asking: What triggered this now?Musk was furious after Altman suggested the billionaire manipulated X's algorithm to promote his own posts and companies—just as Musk threatened Apple with legal action for allegedly boosting OpenAI on the App Store.'You got 3M views on your bulls**t post, you liar,' Musk wrote. 'Far more than I've received on many of mine, despite me having 50 times your follower count!"Altman double down, challenging Musk to swear under oath that he never interfered with the algorithm. 'I will apologize if so,' Altman fuel to the fire, Musk's own xAI chatbot Grok backed Altman. It cited 2023 reports saying Musk had a history of tweaking X's algorithm to serve his interests. Musk hit back by sharing a screenshot from ChatGPT claiming he's more trustworthy than Srinivas, Perplexity AIPerplexity AI has stunned the tech world with an audacious $34.5 billion all-cash offer for Google's browser Chrome. It's a bold move, especially for a company valued at just $14 billion. However, it's not without over 3 billion users, Chrome gives Perplexity instant access to a massive distribution channel. The timing is strategic, too: US regulators are pressuring Google to sell Chrome after a federal judge ruled it had abused its 90% search dominance. While Google is lobbying for softer remedies, the Department of Justice wants full CEO Aravind Srinivas says the offer ensures Chrome remains open-source. The company has pledged a $3 billion investment over two years, though financial details remain unclear. Still, Perplexity claims the money is ready and waiting.A court ruling is due this month. Even if the bid doesn't succeed, it's a clear signal that Perplexity wants to muscle into AI search and is willing to go all AI has rolled out free access to Indian stocks and crypto data via its Finance tab, offering BSE, NSE and crypto information that's usually users now get historical prices, volumes, earnings, and stock screening tools – features often locked behind broker and fintech Trump administration has backed a key change to the H-1B visa programme: selecting applications based on salary levels instead of a random move is significant, particularly for Indian tech workers, who typically account for over 70% of the 85,000 annual H-1B new model favours higher-paying roles. A $213,000 Level 4 software engineer in San Francisco would now rank ahead of a $135,000 Level 1 position. That could squeeze out entry-level hires and pressure employers to boost salaries and raise costs in the process. This proposal echoes a 2021 Trump-era rule that was shelved after legal IT firms and US tech giants may need to rethink hiring strategies, with knock-on effects on diversity and talent will open a public comment window for up to 60 days. Final implementation could take months, but the industry is already preparing.
The Wire
27-06-2025
- Business
- The Wire
Leading Digital Marketing Agency Techmagnate Releases Baby Products Trends Report for FY2025
New Delhi, June 2025 – Techmagnate, India's leading digital marketing agency, has released its latest market trends report for India's baby products industry, offering valuable insights about evolving consumer search behaviour. The report analyses 25,000 keywords, providing critical data on brand vs. non-brand search volumes, YoY growth, and top-performing brands and platforms in the industry. Key Highlights from the Report ● Overall Search Volume Growth: The baby products industry witnessed a 6.93% increase, with search volumes rising from 105.49 lakh in FY24 to 112.80 lakh in FY25. ● Brand vs. Non-Brand Trends: Brand-related queries grew by 17.93%, increasing from 23.49 lakh in FY24 to 27.71 lakh in FY25. Non-brand searches also saw growth, rising from 82 lakh to 85.10 lakh. ● Top Performing Brands: FirstCry led the category with a 21.09% YoY growth, followed by Luvlap and Mothercare, reflecting growing digital visibility and brand recall. The report highlights rising consumer interest in essential baby care categories such as milk powder, which grew to 4.48 lakh searches in FY25 (up from 3.63 lakh), and baby lotion, which reached 2.39 lakh searches (up from 1.90 lakh). Skincare and hygiene also gained momentum, with premium brands like The Moms Co., which saw 7.2K searches (up from 2.4K), and Baby Forest, which rose to 9.9K (up from 4.4K), leading the growth in this segment. On the search behaviour front, 'near me' queries rose by 23.57%, with terms like 'toy shop near me' and 'maternity pillow near me' pointing to a clear shift toward localised, high-intent discovery. These shifts signal a move towards intent-driven, essentials-focused, and location-aware decision-making by today's digitally active parents and caregivers. Sarvesh Bagla, Founder & CEO, Techmagnate, shared his thoughts on the insights the report covers. He says: 'Techmagnate's report clearly shows that the baby products sector continues to be driven by discovery-led behaviour. The data reflects how parents rely on search to evaluate essentials like milk powder, skincare, and strollers, making digital visibility a key factor in brand performance.' The Baby Products Trends Report for FY25 serves as a strategic playbook for brands in the baby products sector. From the dominance of non-brand queries to the rise of Tier-2 city demand and fast-growing niche brands, the report is a timely reminder that understanding real consumer search intent and aligning digital strategies accordingly is the key to driving growth. About Techmagnate Techmagnate is India's leading digital marketing agency, providing comprehensive digital marketing services. The agency frequently releases trends data for multiple industries like FMCG, BFSI, healthcare, ecommerce, and more. Techmagnate is widely recognized for leveraging a combination of data analytics and advanced marketing technology for developing and executing effective digital marketing campaigns. For media inquiries or access to the full Baby Products Search Trends Report, contact Techmagnate at 91-9910308266. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PWR This is an auto-published feed from PTI with no editorial input from The Wire.
