FirstCry raises Rs 1,886 crore from anchor investors ahead of IPO
Brainbees Solutions, which operates FirstCry, raised Rs 1886 crore from 71 anchor investors ahead of its IPO opening. Key investors include SBI Mutual Fund, HDFC Mutual Fund, and Goldman Sachs. The funds will be used for new stores, global expansion, and marketing. The company reported a 15% revenue growth and reduced losses by 34% in FY24.
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