FirstCry, an India-based ecommerce company, saw its revenue for the 2023 financial year soar to over US$600 million, which marked a 2.4x increase from FY 2022.

However, losses for the company also jumped 6x in the same period. The firm, which sells baby, children’s, and maternity items online and in stores, reportedly plans to go public. Recently, SoftBank reportedly sold most of its investment in the company.