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India's demographics will help FirstCry grow: CEO Supam Maheshwari
Inshorts
·
11m ago
Medial
FirstCry CEO Supam Maheshwari said the firm will continue to grow in India given the country's demographics. "We believe we can further compound growth in our topline and bottom line. We are here to build a new-age retail playbook for India," he said. Shares of FirstCry-parent Brainbees Solutions were listed on stock exchanges on Tuesday with a 40% premium.
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IPO-bound FirstCry's CEO Supam Maheshwari offloads shares worth Rs 300 crore: Report
Economic Times
·
1y ago
Medial
The CEO of FirstCry, Supam Maheshwari, has reportedly sold shares worth INR 300 crores ($40 million) ahead of the company's IPO. FirstCry is a leading Indian baby products retailer that is planning to go public. Maheshwari co-founded the company in 2010 and has since grown it into a unicorn startup. The IPO is expected to value FirstCry at around INR 46,000 crores ($6.2 billion).
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Funding cycles come and go; great teams persist, compound value for shareholders: FirstCry’s Supam Maheshwari
Economic Times
·
1y ago
Medial
Indian retail brand FirstCry, operated by Brainbees Solutions, will launch its IPO on August 6, with a target of raising Rs 4,188 crore. CEO Supam Maheshwari discussed the company's journey, the changing IPO landscape for new-age firms, and plans for expansion. Despite market fluctuations, Maheshwari emphasized the importance of creating sustainable value and building a unique ecosystem story. FirstCry plans to open 350 stores over the next three years, invest in technology and manufacturing, and expand internationally. Maheshwari highlighted the significance of the omnichannel model and the growth potential in both online and offline retail. The company's brand aggregator platform, Globalbees, also showed positive financial performance.
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Inside the reticent mind of FirstCry’s top bee—Supam Maheshwari
Livemint
·
11m ago
Medial
FirstCry, the Indian startup unicorn that operates a baby products retail platform, recently made a strong debut on the stock market. The company, founded by Supam Maheshwari, has attracted the attention of investors for its success in the competitive baby and kids category. Despite operating somewhat under the radar, Maheshwari has managed to build an impressive business with a strong offline presence alongside its online platform. Now that FirstCry is listed, Maheshwari is working on taking his second company, XpressBees, public in the next two years.
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FirstCry announces Rs 440-465 price band for Rs 4,194 crore IPO. Check details
Economic Times
·
1y ago
Medial
FirstCry, an omnichannel kids' clothing brand operated by Brainbees Solutions, has announced the price band for its upcoming IPO at Rs 440-465. The IPO will consist of a fresh issue of shares worth Rs 1,666 crore and an offer for sale of up to 5.2 crore shares. Notable sellers in the IPO include Mahindra & Mahindra, SVF Frog, Tata Sons Chairman Emeritus Ratan Tata, and FirstCry Co-Founder and CEO Supam Maheshwari. The IPO will be open for bidding from August 6 to August 8. The proceeds will be utilized for various purposes, including expansion and marketing initiatives.
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FirstCry to invest Rs 146 Cr in subsidiary GlobalBees for international expansion
YourStory
·
4m ago
Medial
FirstCry, led by Supam Maheshwari, will invest Rs 146 crore in its international arm, GlobalBees Brands, over 12 months. The company also announced setting up FC Management in the UAE to offer management services. Rs 20.98 crore will be invested initially, with a part allocated to Firstcry Trading Company in KSA. GlobalBees saw a 35% revenue increase in FY23-24. The board approved employee equity share allocation and appointed a new compliance officer.
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Founder Salaries Tracker FY24: How Much Did Startup Founders Earn?
Inc42
·
11m ago
Medial
In FY24, the Indian startup ecosystem faced funding challenges, leading to a focus on consolidation. Inc42's 'Founder Salaries Tracker' reveals the remuneration received by startup founders during this period. Supam Maheshwari, founder of FirstCry, held the top spot, earning INR 103.8 Cr in remuneration.
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FirstCry CEO Supam Maheshwari saw 49% drop in monthly pay in April-December 2023
Economic Times
·
1y ago
Medial
FirstCry CEO Supam Maheshwari saw a 49% drop in monthly remuneration to Rs 8.61 crore for the first nine months of FY24, according to the company's draft red herring prospectus (DRHP) before filing for an IPO. Co-founder Sanket Hattimattur also experienced a decrease in pay. FirstCry is aiming to raise $218 million through a fresh issue of shares in its IPO, which is expected to be valued at around $500 million. The company recorded a net loss of Rs 278 crore for the nine months ending in December 2023.
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FirstCry IPO: M&M, SoftBank, TPG Growth Set To Make Big Gains
Inc42
·
12m ago
Medial
Indian automotive company Mahindra & Mahindra is expected to make a 6X return by selling more than 28 lakh shares of FirstCry, while SoftBank is also anticipating a 3X gain from the startup's upcoming public listing. SoftBank is also set to profit from its investment in Ola Electric, with a 1.5X return, as well as potential gains from Unicommerce's IPO. Key stakeholders, such as Ratan Tata and FirstCry founders Supam Maheshwari and Amitava Saha, will also be selling shares in the public offering, which was oversubscribed 12.22 times.
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Listing ratifies investor ecosystem: FirstCry founder
Livemint
·
1y ago
Medial
Firstcry, the parent company of kids omnichannel retailer Brainbees, is set to be listed on Indian bourses, valuing the company at $2.88 billion. The listing will give key investors, including SoftBank, an opportunity to partially cash out their stake. Supam Maheshwari, CEO of Brainbees, discussed the company's profitability, growth drivers, and the vibrant ecosystem of wealth creation in India. He also emphasized the importance of providing new-age opportunities and expanding the company's offline store network and supply chain. While the company is focused on organic growth, it is open to evaluating inorganic opportunities as well.
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The Unicorn Club: Founders Behind Multiple Billion-Dollar Ventures
StartupTalky
·
1y ago
Medial
This article highlights the success stories of several Indian entrepreneurs who have founded multiple unicorn startups. These individuals have demonstrated remarkable vision, determination, and innovation in their respective fields, leading to the rapid growth and valuation of their companies. Some of the notable entrepreneurs mentioned include Bhavish Aggarwal (founder of Ola Cabs and Ola Electric), Amitava Saha (co-founder of FirstCry and CEO of Xpressbees), Supam Maheshwari (CEO of FirstCry), Naveen Tewari (founder of InMobi), Asish Mohapatra (CEO of OFB Tech Pvt. Ltd), Ruchi Kalra (co-founder of OFB Tech Pvt. Ltd and Oxyzo Financial Services), Sandeep Aggarwal (founder of Droom Technologies and Shopclues), and Vijay Shekhar Sharma (founder & CEO of One97 and Paytm). With their remarkable achievements, these entrepreneurs have not only made a significant impact in the business landscape but also serve as inspiration for aspiring entrepreneurs.
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