Securities and Exchange Board of India (“SEBI”) has received the Draft Red Herring Prospectus (“DRHP”) from Brainbees Solutions Limited, the wholly-owned company of the internet-based e-commerce firm FirstCry.
A new issue of equity shares of up to ₹18,160 million and an offer for sale (OFS) of up to 54,391,592 equity shares by selling shareholders make up the Company’s first public offering, as reported by entrepreneur.com.
The company sells goods in many different categories, such as clothing, shoes, personal care items, baby gear, items for kids, and nursery supplies.
They are the largest online store for babies and kids in Asia, offering over 3 lakh products from 2000 leading national and international brands.
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About FirstCry
Founded in 2010 by Supam Maheshwari and Amitava Saha, FirstCry is a prominent e-commerce company in the kids and babies shopping sector. With its headquarters located in Pune, the company boasts over 6000 workers and over 25 million clients across both local and international markets.
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