HomeStartupFirstCry IPO : Unicorn Runs 180 Preschools, enrolls 6,649 students

FirstCry IPO : Unicorn Runs 180 Preschools, enrolls 6,649 students

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FirstCry Founder Questioned For Alleged $50 Mn Tax Evasion
  1. FirstCry operates preschools under the Intelli Education brand, having a total of 180 preschools across 91 cities in India. This initiative emerged after FirstCry’s acquisition of Oi Playschool from Hyderabad’s People Combine Group in 2019.
  2. By the end of the first quarter of FY24, Intelli Education had a total enrollment of 6,649 students in its preschools.
  3. FirstCry had plans to expand Oi Playschool into over 1,000 centers nationwide after acquisition. However, the pandemic hindered these expansion goals for over two years.
  4. The SoftBank-backed company, Brainbees Solutions Private Ltd, has filed its draft red herring prospectus (DRHP) with SEBI for an initial public offering (IPO), intending to raise INR 1,816 crore through fresh issues of shares.
SourceINC 42

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