FirstCry is a E-Commerce - Baby Care Products platform in India which was founded in November, 2010. Baby care products are the highest saleable products in all over the world.
It is because the strength of children's is approximately 25%+ in all over the world.
When the population of world include 25%+ of children's, it means the market in the world include 25%+ market of baby products.
Even lot of companies who basically produce and sale baby products in all over the world are known as successful companies if they follow the appropriate strategy.
In India also lot of companies become successful baby care products companies which produce and sale baby products.
After looking the scope in baby products lot of persons in India started their E-Commerce platform which basically deals with in baby product, FirstCry is also one of them.
It founded by a group of some co-founders which include Prashant Jadhav, Supam Maheshwari, Sanket Hattimattur and Amitava Saha.
These all are highly professionals in their field, they firstly search the market for baby products and after watching the potential growth in it, they decided to start a platform.
FirstCry having its headquarter located at Pune, India. Company claimed that it reached up to 900 FirstCry's stores in different popular cities in all over India.
It offered baby products in multiple categories, some of these categories include like Boys Fashion, Girls Fashion, Footware, Toys and so on.
FirstCry's also offer its franchise for different stores like Babyhug Store, Cutewalk Store, Firstcry Store, Babyoye Store.
Peoples who wants to start their store by keeping baby products and also having a capital of 35+ lakhs can also apply for different types of FirstCry franchisee.
FirstCry's is not known as a one of the largest and successful E-Commerce brand in baby products.
It also become a part of those startups India who increased their valuation year to year.
Currently it's operating its services in some of the popular cities in India.
The company also increased its valuation in the funding round held in March, 2021 up to 1.7 billion dollars. It also help it to become a unicorn by achieving unicorn status.
It means some of the investors like Chiratae Ventures, Elevation Capital, Vertex, SoftBank invested in FirstCry on a valuation of 1.7 billion dollars.
According to Venture Intelligence the valuation of FirstCry in last round funding was also 1.7 billion dollars.
With providing its franchisee to peoples the companies is targeting to reach more store in different cities in India.
FirstCry also following those strategies which can help it to stay in the market.
SEBI has recently approved IPOs of two prominent entities in the Indian market, Unicommerce and FirstCry. This significant development marks a pivotal moment in the financial landscape. With both companies poised to make substantial strides in their respective sectors. Every business motive behind its foundation is to generate profits through offering products and services. A […]