Omnichannel baby products retailer FirstCry (Brainbees Solutions Ltd) has infused ₹73 crore into its subsidiary Globalbees Brands Pvt. Ltd., completing the second tranche of its Series C2 funding round, as per a recent stock exchange disclosure.
The Pune-based company subscribed to 2,220 Series C2 compulsory convertible preference shares (CCPS) at a face value of ₹5 each and a premium of ₹3,28,845 per share on September 11, 2025. With this latest infusion, FirstCry’s stake in Globalbees has increased slightly from 51.12% to 51.51% on a fully diluted basis.
This investment is part of a previously announced board-approved plan to commit up to ₹146 crore into Globalbees in multiple tranches under the Series C2 Share Subscription Agreement signed in March 2025.
In parallel, Globalbees has allotted a total of 3,041 Series C2 CCPS to existing shareholders, securing an aggregate ₹100 crore in this tranche.
For FirstCry, the move comes at a time when the company is strengthening its financial performance. In Q1 FY26, revenue from operations rose to ₹1,862.56 crore, up from ₹1,652 crore in the year-ago period. Losses narrowed by 13% to ₹66.5 crore, while the company also reported a positive EBITDA of ₹75 crore—a milestone that signals improving operational efficiency.
By: Arushi Agarwal
