Published
Oct 22, 2019
Download
Download the article
Print
Text size

Ayushmann Khurrana invests in The Man Company

Published
Oct 22, 2019

Bollywood actor Ayushmann Khurrana has bought a strategic stake in men’s grooming brand The Man Company by investing an undisclosed amount in the company.
 

Ayushmann Khurrana invests in ‘The Man Company’ - The Man Company


Apart from being a strategic investor, Khurrana will also be the brand ambassador for the company. The brand will be using the funds to scale up the brand’s presence across the country.
 
With its association with the actor, the company is expecting strong sales in the coming months.

“Khurrana has made a strategic investment and he does not hold any board position. Investments have been made in his personal capacity. Apart from making a strategic investment in the company, Ayushmann Khurrana will also be our brand ambassador,” Hitesh Dhingra, founder and managing director of The Man Company told the Businessline.
 
“The company is hoping to be EBITDA positive by December. This will come on the back of increased sales. Beginning January, there has been a 2.5 times growth in both topline and bottomline,” he added.
 
The company is expecting to double its revenue this year to around Rs 85 crore ($12 million) in comparison to Rs 37 crore it had reported the previous fiscal.
 
The Man Company currently has exclusive brand outlets in Chandigarh, Ludhiana, and Delhi. It gets majority of its sales from its website and e-commerce platforms such as Amazon, Flipkart, and others.

Copyright © 2024 FashionNetwork.com All rights reserved.