GlobalBees, a subsidiary of FirstCry, has invested INR 4.5 Cr in Dynamic IT Solution Private Limited, another acquisition made through the arm.
Dynamic IT Solution Private Limited is involved in designing, developing, and trading software, sports & fitness accessories, and other products under the brand name Strauss.
For the financial year ending March 2024, Dynamic IT Solution recorded a turnover of INR 27.4 Cr and net worth of INR 14.06 Cr.
FirstCry also received a goods and service tax demand notice from Karnataka GST authorities for a discrepancy in input tax credit in the financial year 2020-21.