Bombay Shaving Company, the 4-year-old start-up, has become a brand of reckoning in the shaving category with its offerings of razors, foams, creams, and after-shave solutions. In the last 6 months, the brand has also grabbed a 7 percent share in women's shaving, which has seen accelerated growth during Covid. BSC is aiming for Rs 500 crore top line in the next 3-4 years.
Recently, in a follow up to last month's Rs 45 crore infusion led by global consumer giant Reckitt, Bombay Shaving Company has raised another Rs 15 crore in funding from existing investor Sixth Sense Ventures. This will include a primary infusion as well as a secondary purchase from senior employees.
Shantanu Deshpande, Founder & CEO, Bombay Shaving Company, 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. Always good to see deserving tenured colleagues liquidate some stock along the way, too."
Nikhil Vora, Founder of Sixth Sense Ventures, added, "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. There are always founders whom we would love to back at all points, Shantanu is one such!"
Sixth Sense now owns 24 percent of BSC.