Asset manager ICICI Prudential Mutual Fund has crossed the 5% shareholding mark in Brainbees Solutions, the parent company of FirstCry, following a fresh purchase of shares through its mutual fund schemes.
According to a regulatory filing, the fund acquired 2,00,210 equity shares of Brainbees on February 16, 2026, for approximately ₹4.6 crore. Post-acquisition, ICICI Prudential Mutual Fund’s total holding increased to 2,62,47,897 shares, representing a 5.028% stake in the company.
Prior to this transaction, the mutual fund held 2,60,47,687 shares, or 4.990% of Brainbees’ paid-up capital. The latest purchase accounts for an incremental 0.038% stake in the company, taking it past the key 5% disclosure threshold.
In its official disclosure, the fund clarified that the investment is purely for investment purposes and does not involve any intention to acquire control or influence over the management of Brainbees Solutions.
FirstCry Q3 FY26 Financial Performance
On the operational front, FirstCry reported revenue from operations of ₹2,424 crore in Q3 FY26, up from ₹2,172 crore in Q3 FY25, reflecting steady year-on-year growth in its omni-channel retail business.
However, the company’s losses widened significantly during the same period. Net loss rose 153% to ₹38 crore in Q3 FY26, indicating higher operating costs and continued investment in growth initiatives.
Market Snapshot
As of 11:19 AM, FirstCry’s shares were trading at ₹220.25 per share, giving the company a total market capitalisation of ₹14,096 crore (approximately $1.2 billion).
The crossing of the 5% threshold by ICICI Prudential Mutual Fund signals increasing institutional participation in Brainbees Solutions, even as the company navigates a phase of revenue growth alongside elevated losses.
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