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GlobalBees Raises Stake In Solarista With INR 5.88 Cr Investment

Inc42 · 10m ago

GlobalBees Raises Stake In Solarista With INR 5.88 Cr Investment

GlobalBees, an e-commerce roll-up firm, has acquired an additional 22.5% stake in Solarista Renewables, a brand that sells bags and rainwear under the name 'The Clownfish'. The all-cash deal, worth INR 5.88 Cr, follows an agreement between shareholders in April 2022, and now brings GlobalBees' total stake in Solarista to 75%. This investment comes shortly after Brainbees Solutions, the parent company of FirstCry, announced a AED 50 Mn (INR 114.1 Cr) investment in its UAE subsidiary, FirstCry Management DWC LLC.

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FirstCry’s GlobalBees Invests Another INR 8 Cr In D2C Brand The Butternut Co

Inc42 · 10m ago

GlobalBees has acquired an additional 24% stake in D2C brand The Butternut Co, increasing its total stake to 100%. The Butternut Co reported a 57% year-on-year increase in revenue to INR 11.14 crore in FY24, with losses decreasing by 42% to INR 1.61 crore. GlobalBees, a subsidiary of FirstCry, also recently increased its stake in bags and rainwear brand The Clownfish by investing INR 5.88 crore.

GlobalBees Raises Stakes In Frootle India, Wellspire India

Inc42 · 11m ago

GlobalBees Raises Stakes In Frootle India, Wellspire India

GlobalBees, a company in the digital consumer brands space, has announced that it has acquired an additional 23% stake in Frootle India Pvt Ltd and Wellspire India Pvt Ltd. The investment, worth INR 105.15 Cr and INR 1.05 Cr respectively, has increased GlobalBees' stake in both companies from 51% to 74%. GlobalBees is a rapidly growing company that focuses on acquiring and scaling digitally native consumer brands. Frootle and Wellspire are both subsidiaries of FirstCry, an omnichannel baby and kids marketplace.

FirstCry Subsidiary GlobalBees Faces Insolvency Plea

Inc42 · 1m ago

FirstCry Subsidiary GlobalBees Faces Insolvency Plea

GlobalBees Brands, a subsidiary of FirstCry's parent Brainbees Solutions, faces an insolvency plea by Ashutosh Garg, Paritosh Garg, and Manju Agarwal. The claim amounts to INR 64.92 crore, excluding interest, for a period starting May 9, 2025. Brainbees has stated that GlobalBees is actively seeking legal advice and taking necessary measures to oppose the application to safeguard its interests. GlobalBees had acquired a 74% stake in Kuber Mart in December 2021.

Haldiram Bhujiawala raises ₹235 cr from Pantomath’s Bharat Value Fund

Livemint

Livemint · 9m ago

Haldiram Bhujiawala raises ₹235 cr from Pantomath’s Bharat Value Fund

Pantaloon's Bharat Value Fund has invested INR 235 crore in Kolkata-based snack brand Haldiram Bhujiawala for a minority stake. Haldiram plans to use the funds to expand its manufacturing units and markets outside of eastern and northeastern India. The company currently operates in West Bengal, Bihar, Jharkhand, and the northeastern regions, and has three manufacturing units. The snacking market is estimated to be worth INR 42,600 crore in FY24 and is expected to reach INR 95,500 crore in the next eight years. This investment marks Pantaloon's sixth overall investment in Haldiram and its third in the consumer sector in the past three months.

Globalbees hikes stake in subsidiaries of Brainbees Solutions

YourStory

YourStory · 11m ago

Globalbees hikes stake in subsidiaries of Brainbees Solutions

GlobalBees, an ecommerce rollup startup backed by SoftBank, has increased its stake in two subsidiaries of Brainbees Solutions Limited - Frootle India and Wellspire India. The investment amounted to Rs 105.15 crore and Rs 1.05 crore, respectively. As a result, GlobalBees now holds a 74% stake in both companies, up from 51%. Frootle India and Wellspire India are involved in the home and kitchen appliance category. In a separate development, GlobalBees raised Rs 150 crore ($18 million) in debt funding earlier this year. The company reported a reduced standalone loss of Rs 6.15 crore in the financial year 2022-23 compared to the previous year.

GlobalBees Bags $17 Mn Debt Funding From Avendus

Inc42 · 1y ago

GlobalBees Bags $17 Mn Debt Funding From Avendus

GlobalBees, a Softbank-backed ecommerce rollup startup, has raised INR 140 Cr ($17 Mn) in a debt funding round from Avendus. The funds will be used for working capital needs. GlobalBees invests in and acquires companies that sell products on platforms like Amazon India and Flipkart. With a gross revenue of INR 550 Cr in Q3 FY24, GlobalBees aims to partner with companies in niche categories like FMCG, sports, home organization, and lifestyle. It has raised a total of $175 Mn in funding and competes with Mensa Brands, Evenflow, and GOAT Brand Labs. The funding follows parent entity FirstCry's draft red herring prospectus filing for INR 1,816 Cr IPO.

International business steers FirstCry’s growth ahead of IPO

The Arc Web

The Arc Web · 1y ago

International business steers FirstCry’s growth ahead of IPO

Pune-based retailer FirstCry is expanding in the Middle East to drive growth and improve profit margins. The company distinguishes itself with physical stores, consumer brands under subsidiary GlobalBees, and a focus on international markets. Revenues reached INR 5,632 crore in FY2023, with contributions from UAE, Saudi Arabia, and GlobalBees. However, investments in these ventures resulted in losses of INR 486 crore in FY2023. FirstCry aims to secure $218 million through its IPO to further expand its retail presence and pursue acquisitions.

Nazara Raises Stake In Absolute Sports With INR 73 Cr Investment

Inc42 · 7m ago

Nazara Raises Stake In Absolute Sports With INR 73 Cr Investment

Nazara, a prominent gaming company, has acquired an additional 10.26% stake in Absolute Sports for INR 72.73 crore (approximately $8.4 million). This investment increases Nazara's total ownership in the subsidiary to 81.94%. The acquisition is part of a Share Purchase Agreement (SPA), further solidifying its commitment to strengthening its position in the gaming industry. This move reflects a strategic effort to expand its portfolio and leverage growth opportunities in the sports segment.

BharatPe’s Second Bet On Trillion Loans: Raises Stake With $8-9 Mn Infusion

Inc42 · 11m ago

BharatPe’s Second Bet On Trillion Loans: Raises Stake With $8-9 Mn Infusion

BharatPe has increased its stake in Trillion Loans, a non-banking financial company (NBFC), to 60% with a recent investment. The acquisition of a majority stake in Trillion Loans took place last year. Trillion Loans reported a profit of INR 1.05 crore in its last disclosed financials for the year 2022-23, compared to a loss of INR 28.58 lakh in the previous fiscal year.

Canada Pension Board Offloads Nykaa Shares For INR 256 Cr

Inc42 · 1y ago

Canada Pension Board Offloads Nykaa Shares For INR 256 Cr

Canadian Pension Plan Investment Board (CPPIB) has sold its remaining 3.18% stake in logistics company Delhivery for INR 910 Cr. In another deal, ICICI Prudential Mutual Fund India purchased shares sold by beauty e-commerce major Nykaa. CPPIB sold over 1.47 Cr shares of Nykaa for INR 256.4 Cr in a block deal at a price of INR 174.04 per share.

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