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Launch · Commerce & Consumer Brands

FirstCry pilots three-hour delivery service in three cities

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Date
Company
FirstCry
What it does
Omnichannel kidswear and baby products retailer
Kind
Launch
Amount
Rs 38.4 crore loss
Based in
Pune
Founded
2010
Sector
Commerce & Consumer Brands

What they do

FirstCry is an omnichannel retailer offering apparel, toys, diapers, and baby care merchandise through its online platform and physical stores

What happened

The company started a three-hour delivery trial named Qwik across Pune, Bengaluru, and Hyderabad, utilizing its in-house logistics unit RocketBees

Why it matters

FirstCry reported a wider net loss of Rs 38.4 crore for the December quarter due to heightened expenses tied to rapid delivery expansion

The details

  • FirstCry launched a rapid delivery pilot named Qwik to ship diapers and other baby items within three hours in select neighborhoods.
  • The quick commerce service is currently being tested in Pune, Bengaluru, and Hyderabad using company-owned stores and stockist networks.
  • The delivery operation is supported by the company's internal logistics subsidiary, RocketBees, which expanded its footprint to 22 cities during the third quarter.
  • RocketBees helped improve delivery turnaround times by 20 percent on the back of higher shipment volumes.
  • FirstCry reported a widening net loss of Rs 38.4 crore for the quarter ending December, compared to a loss of Rs 14.7 crore in the same period last year.
  • Operating revenue for the retailer grew to Rs 2,423.6 crore during the third quarter, while total expenses reached Rs 2,326.6 crore.
  • The company's ecommerce roll-up subsidiary, GlobalBees, generated operating revenue of Rs 515 crore and narrowed its brand portfolio to focus on core categories.

The bigger picture

  • Changing consumer habits among young parents and rising demand for rapid fulfillment prompted the company to establish its own delivery network instead of depending entirely on third-party providers.
  • Intense competition in the child care and diaper segments from incumbent quick commerce platforms and new entrants squeezed profit margins during the quarter.

About the business

  • FirstCry operates an omnichannel retail platform offering newborn, baby, and kids products including apparel, footwear, toys, school supplies, and nursery items.
  • The company sells items through its website, mobile application, and a large network of physical modern stores across India.

What happens next

  • The company plans to expand the Qwik delivery service to dark stores and streamline technology to include more product categories.

The deal

Type
launch

Founders

  • Supam Maheshwari, Co-founder and Chief Executive Officer

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