FirstCry Pumps ₹93 Crore into GlobalBees, Lifts Stake Beyond 51%

FirstCry has tightened its grip on GlobalBees through two tranches of investment worth almost ₹93 crore — about ₹20 crore initially, and ₹73 crore in preference shares. Its stake has thereby crossed 51% to emerge as the controlling owner. GlobalBees, a D2C startup brand aggregator, is demonstrating high revenue growth and reducing losses, representing FirstCry’s attempt to diversify from baby and kids’ products into India’s emerging D2C space.

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BigBasket Suffers in FY25: Losses Cross ₹2,000 Cr

Tata Digital-backed BigBasket lost more than ₹2,000 crore in FY25 as its top line declined for both B2B and B2C players. Though the company is suffering from declining turnover, its quick commerce competitors like Blinkit, Zepto, and Instamart are putting additional pressure. BigBasket is relying on its own quick delivery platform, BB Now, but faces the daunting big challenge of balancing growth with profitability.

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Rolls-Royce Introduces Its Largest 700-Seater GCC in Bengaluru

Rolls-Royce has launched its largest Global Capability and Innovation Centre in Bengaluru with room for 700 individuals. The new facility will house engineers, digital specialists, and support staff to collaborate on projects across the globe in aviation, defence, and power systems. This move reflects Rolls-Royce’s profound faith in India’s talent and Bengaluru’s aerospace strength, generating new jobs and global prospects.

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Trufrost & Butler raises $7M led by Carpediem Capital

Trufrost & Butler, a commercial refrigeration and food service equipment company raised $7M in growth funding. The funding will be used to strengthen order fulfillment, expand service infrastructure, increase domestic manufacturing, and explore opportunities in selected international markets.

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