FistCry Completes INR 146 Cr Investment In GlobalBees

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SUMMARY

The company revealed it had invested INR 73 Cr as the second tranche of its investment in GlobalBees, acquiring 2,220 Series C2 CCPS with a face value of INR 5 each, at a premium of INR 3.29 Lakh per share

With the investment, FirstCry increased its stake in GlobalBees to 51.51% from 51.12%

The investment comes at a time when GlobalBees is going through major operational challenges

Omnichannel kidswear brand FirstCry has completed its INR 146 Cr ($17 Mn) investment in its rollup brand subsidiary, GlobalBees, over…



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FistCry Completes INR 146 Cr Investment In GlobalBees


SUMMARY

The company revealed it had invested INR 73 Cr as the second tranche of its investment in GlobalBees, acquiring 2,220 Series C2 CCPS with a face value of INR 5 each, at a premium of INR 3.29 Lakh per share

With the investment, FirstCry increased its stake in GlobalBees to 51.51% from 51.12%

The investment comes at a time when GlobalBees is going through major operational challenges

Omnichannel kidswear brand FirstCry has completed its INR 146 Cr ($17 Mn) investment in its rollup brand subsidiary, GlobalBees, over…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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