Why Many Unicorn Startups Are Facing Insolvency

India’s startup ecosystem has been one of the biggest success stories in the global innovation economy. From tech unicorns to new-age D2C brands, the past decade has seen extraordinary entrepreneurial momentum. But as the ecosystem matures, some growing pains have become more visible—especially around financial discipline and long-term sustainability. The recent insolvency plea against GlobalBees,…

FirstCry subsidiary Globalbees faces insolvency petition over ₹65 crore claim

Globalbees Brands Private Limited, a material subsidiary of FirstCry’s parent company Brainbees Solutions Limited, is facing insolvency proceedings after three individuals filed a petition with the National Company Law Tribunal (NCLT), New Delhi Bench. The application, filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, has been submitted by Ashutosh Garg, Paritosh…

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