About BabyOye by Mahindra
Mahindra Retail, dba BabyOye by Mahindra, is an online store that provides access to pregnancy infant-care and mother-care products and services. Products include diapers, clothes, toys, prams, kids room, furniture, skincare, and more. BabyOye also operates more than 120 retail stores. BabyOye by Mahindra was fka BabyOye prior to its 2015 acquisition by Mahindra Group.
Expert Collections containing BabyOye by Mahindra
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
BabyOye by Mahindra is included in 2 Expert Collections, including E-Commerce.
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Baby and Kids Tech
Companies developing tech-enabled products and services that primarily serve babies, children up to approximately 12 years old, and their parents.
Latest BabyOye by Mahindra News
Oct 15, 2016
Ltd) and Mahindra Retail (BabyOye), have consolidated their business activities. The new entity will now work under the brand name FirstCry.com- A FirstCry Mahindra Venture. The move has been marked by Mahindra Retail selling its franchise business to FirstCry. It will now operate all company stores under a FirstCry master franchisee. “A business transfer agreement has been executed by and between Mahindra Retail Pvt. Ltd (MRPL), a subsidiary of the company, Brainbees Solutions (FirstCry) and founder of FirstCry to transfer the franchise division of MRPL (BabyOye) as a going concern on a slump sale basis to FirstCry. The total lump sum consideration for the transfer of franchisee division on a slump sale basis is $54 Mn (INR 362.1 Cr), ” said the company in a BSE filing. Mahindra Retail has a strong offline footprint with over 120 stores that are a combination of large format high street and Mall locations and hospital stores, operating under the ‘BabyOye by Mahindra’ brand. Mahindra Retail had acquired BabyOye in 2015. Supam Maheshwari, the founder of FirstCry will continue as the CEO of the combined entity. Also, FirstCry has additionally raised $34 Mn of new equity capital from the Mahindra Group, Adveq (a Large Pvt Equity Fund) and Kris Gopalakrishnan. The round also saw participation from all existing shareholders. Anand Mahindra stated, “I believe that the future belongs to click and brick businesses, and that consolidation is the way to thrive and establish industry leadership. We, at the Mahindra Group, are therefore delighted to join hands with an innovative brand like FirstCry and with its CEO Mr Supam Maheshwari. I am optimistic that this consolidation of the strengths that both groups bring to the partnership will result in a winning proposition. We are hugely excited by the possibilities.” With this, FirstCry.com will have a parent base of over 4 Mn, a footprint of over 300 stores spread across 125 cities, thereby becoming the go-to destination for worldclass brands and products in the mom, baby & kids vertical. The deal also allows FirstCry to increase its share of the parents’ wallet through its wider retail presence and collective merchandise of high quality private label brands. Also, the stakeholders can gained immensely from the combined merchandising and buying strength as well as the ability to serve consumers of both brands. As said by Supam, “Our endeavour has been to provide Indian parents with world class brands and products, unparalleled customer service and convenience. FirstCry.com will help scale up the reach of this service and experience faster. Our partnership with the Mahindra Group will bring in synergies that will help us scale and achieve our profitability goal much faster. Together, we will continue to scout for more opportunities for inorganic growth.” Based in Pune, FirstCry was launched in 2010 and is known for its omni-channel strategy with presence across desktop, mobile and offline routes offering baby and maternity products in India. It has over 150 FirstCry branded franchisee offline stores across 100 cities in the country. The company has over 90000 items from 1200 top International and Indian brands and claims to have 3 Mn customers. The startup has raised $70 Mn to date, and is backed by investors such as IDG Ventures India, SAIF, Valiant Capital, Vertex Venture and NEA. In January 2016 Ratan Tata invested an undisclosed amount in FirstCry. Advertisement
BabyOye by Mahindra Frequently Asked Questions (FAQ)
Where is BabyOye by Mahindra's headquarters?
BabyOye by Mahindra's headquarters is located at No.1, Prim Park, Bengaluru.
What is BabyOye by Mahindra's latest funding round?
BabyOye by Mahindra's latest funding round is Acquired - II.
How much did BabyOye by Mahindra raise?
BabyOye by Mahindra raised a total of $14.5M.
Who are the investors of BabyOye by Mahindra?
Investors of BabyOye by Mahindra include FirstCry, Mahindra, Accel, Tiger Global Management, Helion Venture Partners and 3 more.
Who are BabyOye by Mahindra's competitors?
Competitors of BabyOye by Mahindra include Hopscotch and 2 more.
Compare BabyOye by Mahindra to Competitors
FirstCry operates as an online shop for baby products. The company offers a wide range of products including toys, diapers, clothes, footwear, strollers, car seats, furniture, gifts, and books. Its products are primarily sold to parents and individuals in the childcare industry. It was founded in 2010 and is based in Pune, India.
Hopscotch is an online kids’ fashion brand. It's an online store for baby and kids' brands, including apparel, shoes, toys, books, and mom's maternity products. The company was founded in 2012 and is based in Mumbai, India.
BeiBei delivers an e-commerce platform. It offers local children’s clothes, shoes, toys, and other supplies. The company was founded in 2011 and is based in Hangzhou, China.
Schoolkart.com is a one stop online-shop where users can buy School Uniforms, Stationery, Sporting Goods, Reference Books and much more.
Flipkart operates a digital platform for shopping. The company offers products like books, apparel, footwear, lifestyle accessories, baby care products, toys, posters, sports and fitness, mobile phones, laptops, cameras, movies, music, health and beauty, televisions, refrigerators, air-conditioners, washing machines, MP3 players, and more. It was founded in 2007 and is based in Bengaluru, India.
Parentune operates as an online parent community platform. It provides relevant advice, blogs, and tips specifically for Indian parents. It offers mental health consultations, coloring pages, due date calculators, baby name consultations, ovulation calculators, and other services. It was founded in 2012 and is based in Gurgaon, India.