India, April 26 -- Kids-focussed omnichannel retailer FirstCry today said that the cofounder and CEO of its ecommerce roll up arm GlobalBees, Nitin Agarwal, has stepped down from his role and will exit the company.

In a filing with the exchanges, FirstCry said that Agarwal tendered his resignation due to "personal reasons", without elaborating any further. However, sources told Inc42 that Agarwal stepped down due to certain "health conditions".

Meanwhile, Anuj Jain, chief business officer of FirstCry's pre-school segment and senior vice-president of marketing at parent Brainbees, took over as the CEO of the ecommerce roll up unicorn starting April 25. Jain has also been appointed as a senior management personnel (SMP) at the listed comp...