Most Indian startups, which were entering the e-commerce space in 2010, were pursuing scale on a large, broad-based marketplace. The idea was to sell anything to anyone.

Supam Maheshwari pioneered a different avenue.

Rather than having to race around many categories, he concentrated his attention on a single neglected market–goods for babies and children. What was perceived as a small niche market was destined to become one of India’s greatest retail triumphs.

Presently, FirstCry is India’s biggest mother-and-child shopping platform, catering to millions of shoppers via its online portal, mobile apps, private label, and a mass retail chain.

The Brand, which started from a humble startup, today is a publicly traded retail conglomerate.

Much can be learned from its triumph related to category focus, trust in consumer business, and sustained business development.

FirstCry at a Glance

ParticularsDetails
CompanyFirstCry
Parent CompanyBrainBees Solutions
Founded2010
FounderSupam Maheshwari
Co-FounderAmitava Saha
HeadquartersPune, India
IndustryMother & Child Retail
IPO2024
PresenceIndia, UAE, Saudi Arabia
Store Network1,000+ Stores

Who Is Supam Maheshwari?

Before appearing as the ambassador of FirstCry, Supam Maheshwari already had an accomplished entrepreneurial career.

An alumnus of Delhi College of Engineering and IIM Ahmedabad, Maheshwari initially worked in the IT and Education sectors. Maheshwari founded Brainvisa Technologies Ltd. (focused on education) along with Amitava Saha and then exited successfully.

It provided him with the learnings to scale teams, scale operations, woo backers, and locate opportunities in the market- but most significantly, it boosted his confidence to enter another business.

Once out of Brainvisa, Maheshwari started studying consumer markets in India.

During his research, he came across a shocking discovery. Even if India is a huge country with a booming middle class, Indian parents have very few choices in buying quality baby products.

Most products that were available worldwide were hard to find locally in India. Parents relied on sterile, segmented local stores that had irregular availability and few brands.

As a vast number of new entrepreneurs pursued larger e-commerce opportunities, Maheshwari identified a niche that was largely ignored by investors.

With his Brainvisa success behind him, he opted to step into the less developed baby-products sector, confident that India’s expanding middle class would soon seek out reliable parenting brands.

He chose to create an entire platform that addresses children, babies, and parents instead of creating yet another technology company.

However, that decision would eventually give rise to FirstCry.

The Market Gap Nobody Was Solving

The success of FirstCry starts with a simple question:

What was the necessity for a baby product specialized shop in India?

In 2010, the baby-care market continued to be highly fragmented.

Baby shopping involved too many trips to a number of stores and searching for standard products. Trusted brands were rarely found, and there was a lack of variety of offers.

Nonetheless, Indian e-commerce was still in its nascent phase.

Trust in shopping online was not well-established. Logistics foundations were still being established, modes of payment were still being developed, and a vast majority of customers were still little inclined to purchase products on the web.

However, Maheshwari saw a chance.

Parents are different from average consumers.

They require trust, quality, and customer service more than discounts. They required a niche market that would have more powerful customer ties.

He was not interested in becoming yet another Amazon-style retailer for newborns and kids, but focused totally on solving parenting needs.

Thus, this particular background formed the basis of their growth formula.

Building FirstCry

Founded in 2010 by BrainBees Solutions.

The company initially opened an online shop through which a range of baby-care products from various brands was sold.

The idea seemed relatively simple, but in reality, it proved more difficult to implement. 

Consumer confidence must be gained. Its logistics capabilities require enhancement. The expenses of gaining customers were rising all over the e-commerce market.

Investors and industry observers questioned whether a baby-products retailer could be a big business.

Nevertheless, FirstCry was diligent.

Instead of going for a diversification into the unrelated categories, the Company focused its attention on being the most reliable destination for all parenting needs in India.

This categories-first strategy established trust for FirstCry and brought them loyal customers while their competition went after them.

The Business Model That Made FirstCry Win

According to the conventional wisdom, FirstCry was believed to have been successful because it was selling baby products on the internet.

The truth is far more sophisticated.

Marketplace Model

First Cry assembled both local and international brands at one site.

Consumers were able to browse through many thousands of products without the need to go to different stores/websites.

This convenience now addresses one of the biggest pain points in the market.

Omnichannel Strategy

One of FirstCry’s smartest decisions was how they declined to be an online-only company.

Whereas most startups concentrated solely on digital channels, FirstCry grew its presence in brick-and-mortar shops.

Shoppers were able to search online, come into the stores, touch the product, and order through the method that they felt most comfortable with.

This enhanced trust and customer loyalty.

Franchise Expansion

FirstCry didn’t support every store directly; rather, they utilized a franchise-led approach.

This was a capital-efficient way to grow fast.

The company rolled out its physical presence at a much faster rate than the regular retailing companies in India.

BabyHug and Private Labels

Another milestone was the rollout of BabyHug.

Private-label Products enabled FirstCry to achieve better margins, ensure product quality, and create differentiation against other companies selling the same third-party products.

As time passed, the BabyHug quickly became the company’s prized asset.

Hospital Partnerships

Another undervalued growth engine was FirstCry’s hospital network. The company partnered with others that could deliver its message to the new parent.

The customer acquisition strategy provided a substantial barrier to entry.

Trust as the Core Advantage

All successful components of the FirstCry model were ultimately aimed at doing only one thing: building trust.

The main priority for parents buying a product for a baby would be safety and dependability.

Identifying and always concerned by these factors, FirstCry managed to build a reputation, which became a huge competitive moat.

Why Amazon Couldn’t Easily Beat FirstCry

One of the most intriguing factors in the story of FirstCry is its ability to compete with larger firms.

Amazon and Flipkart had more resources, a larger product range, and better brand coverage. However, FirstCry persisted in growing.

The reason emerges from specialization.

FirstCry knew parenting consumers best. They built specific content, selected product categories, developed private label brands, developed hospital partnerships, and invested in brick-and-mortar retail. 

This transformed the company into something more than just a retailer. It turned into a parenting-centric ecosystem.

Although major players might sell comparable items, there would be a huge advantage for FirstCry in preserving a trusted brand and established knowledge of the category.

Strategic Decisions That Changed Everything

Several decisions elevated FirstCry from startup to market leader.

The first was investing heavily in offline retail. While other e-commerce companies focused solely on growth on the Internet, FirstCry felt that in-store shopping was preferable in the eyes of customers.

A second was the BabyHug. Without its private labels, the company could not have achieved higher profitability. Moreover, private labels helped to get rid of the reliance on third-party brands.

A third was acquiring BabyOye. FirstCry gained speed at this stage in launching the business, acquiring BabyOye, and also giving FirstCry a foothold in the market.

Another strategic result of FirstCry’s growth was the development of logistics capabilities, which became XpressBees subsequently, which was realized by the company itself as a requirement for better control over deliveries and customer experience as volumes increased.

It initially started as an internal mitigation for the retail business and has become one of India’s top logistics startups.

4th growth was international expansion into markets like the UAE and Saudi Arabia. This showed that the company’s model could work outside India.

Each decision enhanced FirstCry’s long-term competitive position, not just short-term growth.

FirstCry by the Numbers

MetricScale
Founded2010
Store Network1,000+
Countries ServedMultiple
Annual Revenue7,000+ Crore
Mobile App Downloads100+ Million
IPO Year2024
Industry PositionIndia’s Largest Mother-and-Child Retail Platform

Funding, IPO, and Scale

FirstCry started to receive financial funding from the largest international and domestic companies when it expanded on a larger scale. For example, SAIF Partners, IDG Ventures, Vertex Ventures, Temasek, and SoftBank invested in FirstCry.

Funding allowed the company to bolster its technological base, build its number of stores, increase its private-label offerings, and enhance its logistics capabilities.

FirstCry continued expanding with support from major investors and strategic growth initiatives over the years. A significant milestone in the company’s journey came in 2024 when parent company BrainBees Solutions went public. 

The IPO was evidence of the company’s business model and an indicator of the investor confidence in the rising child-care and parenting India.

Today, FirstCry is ranked among the most successful category-focused retail companies in the nation.

Challenges and Future Outlook

Despite this success, FirstCry is still tackling some problems.

Online and offline competitive pressures of Amazon, Flipkart, and new retail concepts remain fierce. Maintaining inventory management in online or offline channels is a challenge of high complexity.

Furthermore, public-market investors expect the company to continue improving profitability while sustaining growth. 

Nevertheless, there are still significant opportunities.

Growth continues in India’s child-care market. Further growth opportunities are possible with private-label brands.

Growth opportunities are also arising from international markets.

In addition, the company’s omnichannel ecosystem is difficult for competitors to imitate.

Reflecting further, as FirstCry plans to capitalize on impressive consumer expenditure growth and digital tech adoption, we believe it is well-positioned for its new wave of expansion.

Conclusion

FirstCry’s story demonstrates that some of the most successful businesses are built by solving specific problems better than anyone else. 

Occasionally, they arise from overcoming a particular challenge more efficiently than others.

Supam Maheshwari identified a large market opportunity, recognized an unmet consumer need, and built a trust-centered ecosystem. FirstCry evolved from a niche startup to India’s dominant women and children retailer by specializing in a category, excelling at omnichannel execution, private label creation, and disciplined growth.

Its history reminds us that concentrated execution can build better businesses than wide-open opportunism.

FAQs

Who is Supam Maheshwari?

Supam Maheshwari is the co-founder and CEO of FirstCry.Before FirstCry, he co-founded Brainvisa Technologies in 2010, an education-centered company that was acquired.

Why did Supam Maheshwari start FirstCry?

Realizing the opportunity in the baby-products market in India, where parents find it hard to find trusted brands or niche outlets, Maheshwari conceived the idea of BabyOye, which he thought would address this issue and facilitate a better shopping experience for parents.

How did FirstCry grow into India’s top baby-products retailer?

FirstCry used everything from a category-oriented marketplace, omnichannel usage, franchise model, private label brands BabyHug, and partnering with hospitals to establish expertise and scale up across the country.

How did BabyHug contribute to the growth of FirstCry?

BabyHug assisted FirstCry in profitability gain, building up brand loyalty, and branding dependence on third-party brands. For a considerable period, it also tended to be one of the company’s most significant drivers of growth.

What can entrepreneurs learn from FirstCry’s success? 

FirstCry is a good example of the advantage of category-focused innovation, trust in the customer, private label creation, and consistent execution over time. Rather than competing in every category, FirstCry narrowed its focus and set out to dominate one category.