First Cry IPO: SoftBank-backed FirstCry, which sells children’s clothing and related products, had applied to SEBI for an IPO in the last week of 2023. However, it is now being told that the company’s CEO Supam Maheshwari has sold 62 lakh shares of his stake. This was disclosed in the draft red herring prospectus of … Read more
Aakash (subsidiary of Byju) Aakash, which was acquired by leading edtech firm Byju’s in 2021 for $950 million, is reportedly preparing to launch its IPO by mid-2024. Since the acquisition, Aakash has seen a significant three-fold growth in revenues, with a revenue target of ₹4,000 crore and an estimated ₹900 crore in EBITDA by FY … Read more
First Cry IPO: Ratan Tata, former chairman of India’s largest industrial house Tata Group (Ratan Tata) of e-commerce company FirstCry Are going to sell their entire stake in the upcoming IPO. He founded Brainbees Solutions (Brainbees Solutions) for Rs 66 lakh in 2016, had purchased 0.02 percent stake in the company. According to the draft … Read more