Published
Mar 26, 2021
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Bombay Shaving Company raises Rs 15 crore from Sixth Sense Ventures

Published
Mar 26, 2021

Bombay Shaving Company has raised another Rs 15 crore ($2 million) in funding from existing investor Sixth Sense Ventures. Last month, the company had raised Rs 45 crore led by global consumer giant Reckitt.
 

Bombay Shaving Company raises Rs 15 crore from Sixth Sense Ventures - Bombay Shaving Company


The company plans to utilise the funds to strengthen its leadership team, diversification of product portfolio, and expansion.
 
Commenting on the funding, Shantanu Deshpande, founder and CEO at Bombay Shaving Company, in a statement said: “Thrilled to see Sixth Sense Ventures doubling down on their investment in us. Our primary goal now is to build a leadership team to take us from a start-up to an established FMCG organisation. Our growth plans include building our brands, rapid scale in online and offline expansion, and focus on winning categories.”

Nikhil Vora, founder of Sixth Sense Ventures, said: “Bombay Shaving Company has grown 3X since pre-Covid, found product-market fit in core categories, is expanding aggressively and the team is incredible. With Reckitt joining the journey, we are very bullish and see the company continue to grab share across channels and categories.”
 
Bombay Shaving Company retails a range of skincare, shaving, hair care, and other personal care products and caters to millennial consumers across India. The brand retails its products in over 8,000 stores across 20 cities.

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