IPO-bound FirstCry reports 15% jump in FY24 revenue to Rs 6,481 crore, losses down 34%

IPO-bound FirstCry reported a 15% growth in operating revenue at Rs 6,481 crore in FY24 while it reduced losses by 34% to Rs 321 crore during the same period, per the red herring prospectus filed by Brainbees Solutions, which runs the omnichannel retail firm.

Globalbees—its ecommerce roll-up subsidiary—reported Rs 1,209 crore in revenue, contributing 18% to the parent’s revenue.