Skip to main content

MoneyWorks4Me

Brainbees Solutions’ arm makes further investments in Frootle India, Wellspire India

03 Sep 2024 Evaluate

Brainbees Solutions’ material subsidiary -- Globalbees Brands has made further investments of Rs 105.15 crore and Rs 1.05 crore in Frootle India and Wellspire India, respectively, step down subsidiaries of the Company.

This is for the acquisition of further stake increasing it to 74% from 51% in subsidiary Frootle India by GlobalBees Brands and the acquisition of further stake increasing it to 74% from 51% in subsidiary Wellspire India by GlobalBees Brands pursuant to the Shareholder's Agreement dated April 23, 2022.

Brainbees Solutions offers products for mothers, babies, and Kids via its online platform 'FirstCry'.


Peers
Company Name CMP
Eternal 363.00
Swiggy 191.00
Meesho 233.45
FSN E-Comm. Ventur. 352.10
Brainbees Solutions 159.55
View more..