The AED 50 Mn investment in Firstcry Management DWC LLC, UAE will be further invested in the latter’s wholly owned subsidiaries based in the UAE and KSA
The investment will enable the growth of its business in the UAE and Saudi Arabia, FirstCry said
FirstCry reported a consolidated net loss of INR 75.7 Cr on an operating revenue of INR 1,652.1 Cr in Q1 FY25
Recently listed omnichannel kids-focussed brand FirstCry’s parent entity Brainbees Solutions Limited has announced an investment of AED 50 Mn (INR 114.1 Cr) in its UAE subsidiary, FirstCry Management DWC LLC.
The startup’s announcement came along with its June quarter (Q1) results for the financial year 2024-25 (FY25). It reported a consolidated net loss of INR 75.7 Cr on an operating revenue of INR 1,652.1 Cr in Q1 FY25.