GlobalBees reports 55% revenue rise amid slower growth

GlobalBees, a brand house under FirstCry, reported a 55% year-on-year revenue increase, totaling 432.5 crore rupees (US$51.9 million) for the July-September quarter.

This growth occurs amid a challenging period of slower industry growth.

The Pune-based company’s growth was supported by increased seasonal sales during the period.

Adjusted earnings before interest, taxes, depreciation, and amortization for GlobalBees rose by 154% compared to the previous year.

Recent GlobalBees developments

Timeline
09-Feb-2022 💰 🇮🇳 Roundup: GlobalBees buys fitness brand Reach, more Startups in India raised $44.75M in funding. GlobalBees acquires fitness brand Reach for expansion.
29-Dec-2021 📈 🇮🇳 Thrasio-styled GlobalBees breaks into unicorn club with $111.5m raise GlobalBees raises $111.5M, valued at $1.1B Plans to acquire 100+ brands in next 3 years
03-Nov-2021 🛍️ India Roundup: Roll-up ecommerce firm GlobalBees buys two new startups, and more GlobalBees acquires Yellow Chimes and Absorbia. Unacademy buys Swiflearn to bolster K-12 offerings.
25-Oct-2021 💼 India Roundup: Fintech unicorn BharatPe raises $13m in debt, and more (Updated) BharatPe secures $13M in debt for lending scaling Oyo’s IPO on hold due to alleged poor disclosures
04-Oct-2021 📈 India Roundup: Alibaba-backed Paytm acquires CreditMate ahead of IPO, and other news (Updated) Paytm acquires CreditMate ahead of IPO plans GlobalBees buys women’s health startup AndMe

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Recent GlobalBees developments

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