FirstCry s revenue in FY23 stood at Rs 5,632 crore against Rs 2,401 crore in FY22. While the company more than doubled its revenue, its losses for the fiscal increased 6 times to Rs 6,316 crore. In FY22, the kidswear and toys retailer s losses were at Rs 2,568 crore.
Family offices of Indian cricketer Sachin Tendulkar, Ravi Modi of ethnic wear brand Manyavar, Infosys cofounder Kris Gopalakrishnan, and TVS group family are among those buying into the company.
Firstcry: Family offices of Indian cricketer Sachin Tendulkar, Ravi Modi of ethnic wear brand Manyavar, Infosys cofounder Kris Gopalakrishnan, and TVS group family are among those buying into the company.
Softbank, the primary shareholder in retailer FirstCry, has sold off additional shares, allowing family offices and prominent investment firms to acquire stakes in the company before the IPO, , FirstCry s IPO, sachin tendulkar, kris gopalakrishnan, infosys