FirstCry files ₹7,500 crore IPO as India’s startup listings surge

Omnichannel babycare retailer FirstCry has filed its draft red herring prospectus with SEBI for a ₹7,500 crore IPO. The Pune-based unicorn plans to raise ₹1,800 crore in fresh equity and offer ₹5,700 crore via secondary sales. SoftBank, Mahindra Retail, and TPG are among the key selling shareholders. The IPO, expected early 2026, comes amid renewed investor interest in consumer-tech firms following the successful listing of Ola Electric and Swiggy.