{"id":1523,"date":"2022-04-14T17:01:04","date_gmt":"2022-04-14T17:01:04","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=1523"},"modified":"2022-04-14T17:01:05","modified_gmt":"2022-04-14T17:01:05","slug":"firstcry-com-to-file-drhp-for-ipo-to-raise-700-million","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/firstcry-com-to-file-drhp-for-ipo-to-raise-700-million\/","title":{"rendered":"Firstcry.com to file DRHP for IPO, to raise $700 million"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>The firstcry.com is one e-commerce company for the baby\nproduct that was founded by Supam Maheswari in the year 2010. It was a complete\nonline store till 2019 when it opened its first offline store in the city of\nSrinagar. <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The company was formerly known as Brainbees solution Pvt. Ltd.<\/li><li>Industry:- E-commerce<\/li><li>Major Investors:- PG, SoftBank Group Corp., and PremjiInvest, the family office of Wipro Ltd. founder Azim Premji.<\/li><\/ul>\n\n\n\n<p><strong>Firstcry and Mahindra\u2019s baby care deal<\/strong><\/p>\n\n\n\n<p>In the year 2016, firstcry took a major step by acquiring Mahindra&#8217;s retail brand Babyoye, for Rs362 crores. The deal was a stock transaction under which Firscry issued shares worth Rs355 crores to Mahindra and Rs7.5 crores in cash. This deal helped Firstcry acquire 180 franchise stores of Babyoye and created one of the largest omnichannel retail firms in the country.<\/p>\n\n\n\n<p><strong>Financials Details<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"730\" height=\"145\" src=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/04\/Financials.png\" alt=\"\" class=\"wp-image-1526\" srcset=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/04\/Financials.png 730w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/04\/Financials-300x60.png 300w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/04\/Financials-520x103.png 520w\" sizes=\"auto, (max-width: 730px) 100vw, 730px\" \/><\/figure>\n\n\n\n<p><strong>Funding Details<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"806\" height=\"349\" src=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/04\/funding.png\" alt=\"\" class=\"wp-image-1527\" srcset=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/04\/funding.png 806w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/04\/funding-300x130.png 300w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/04\/funding-768x333.png 768w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/04\/funding-520x225.png 520w, https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/04\/funding-800x346.png 800w\" sizes=\"auto, (max-width: 806px) 100vw, 806px\" \/><\/figure>\n\n\n\n<p><strong>Firstcry.com, on the route to raising funds through IPO<\/strong><\/p>\n\n\n\n<p>The online baby product marketplace, Firstcry.com backed by\nTGP, led by founder Supam Maheshwari is looking forward to filing for its IPO\nto raise $700 million, for a total valuation of at least $6billion.<\/p>\n\n\n\n<p>The E-commerce start-up is expected to file for its paper as\nsoon as the end of the current month. The issue is expected to include both\nfresh issues of shares couple of sales of shares by existing shareholders.<\/p>\n\n\n\n<p>The firm turned profitable in March 2021 when the pandemic\nhit the market and shifted the focus to online shopping, The drastic change in the\nlifestyle of the people, aided the e-commerce company to turn profitable.<\/p>\n\n\n\n<p>Details about the IPO like, issue size, price band,&nbsp; timing, and are yet to be known. <\/p>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 2,560<\/span><\/div><div class=\"pld-like-dislike-wrap pld-template-1\">\n    <div class=\"pld-like-wrap  pld-common-wrap\">\n    <a href=\"javascript:void(0);\" class=\"pld-like-trigger pld-like-dislike-trigger \" title=\"\" data-post-id=\"1523\" data-trigger-type=\"like\" data-restriction=\"ip\" data-ip-check=\"0\" data-user-check=\"1\">\n                        <i class=\"fas fa-thumbs-up\"><\/i>\n                    <\/a>\n    <span class=\"pld-like-count-wrap pld-count-wrap\">6    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>The firstcry.com is one e-commerce company for the baby product that was founded by Supam Maheswari in the year 2010. It was a complete online [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/firstcry-com-to-file-drhp-for-ipo-to-raise-700-million\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":1524,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180,70,10],"tags":[],"class_list":["post-1523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ipo","category-featured"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=1523"}],"version-history":[{"count":2,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1523\/revisions"}],"predecessor-version":[{"id":1528,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1523\/revisions\/1528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/1524"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=1523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=1523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=1523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}