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Brainbees Solutions, the parent company of FirstCry, has a cash balance of Rs 450 crore as of June end.
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The company raised Rs 1,666 crore in primary capital during its IPO and plans to use it for expansion and growth.
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Brainbees reported a 17% increase in revenue and 31% reduction in losses in Q1FY25.
Brainbees Solutions, the company behind FirstCry, has a healthy cash balance of Rs 450 crore as of June end, according to group CFO Gautam Sharma. This comes after the company raised Rs 1,666 crore in primary capital during its IPO in August.
The company plans to use the funds to expand its presence, set up new stores and warehouses, and enter new markets like Saudi Arabia. With a strong cash balance, Brainbees is well-positioned for growth and expansion.
