TPG Newquest sells its 2.21% stake in kidswear co. FirstCry to exit with Rs.202-Cr

Private Equity firm TPG Newquest has fully exited the publicly traded omnichannel kidswear company FirstCry. The firm, through its entity NewQuest Asia Investments III, sold its entire 2.21% equity stake, amounting to 1.2 crore shares, via a bulk deal at INR.175.15 per share, totalling INR 202-Cr. Goldman Sachs Investments Mauritius acted as a notable buyer, acquiring 68 lakh shares for INR 119-Cr.FirstCry is currently navigating a period of high operating costs and market competition, though it has reported improvements in unit economics. In Q1 FY27, the firm reduced its net losses by 35% to INR 44-Cr, while operating revenue grew 13% year-on-year to INR 2,106.2-Cr. The company’s subsidiary, Swara Baby Products, is preparing for an INR 1,000-Cr IPO.