Bombay Shaving Company Raises Rs 160 Crore In Series C Funding Round
01/05/22, 9:56 AM
Location
bengaluruMoney raised
₹1.6 billion
Round Type
series c
Bengaluru: The Bombay Shaving Company, which has positioned itself away from a men’s grooming firm to a hair removal brand, has raised Rs 160 crore in a Series C funding round led by Malabar Investments, a hedge fund based in India.
Company Info
Location
bengaluru, karnataka, india
Additional Info
It has also paved the way for exits and employee stock ownership plan (ESOP) sales worth Rs 45 crore for some of its employees and early investors, the company said in a statement. The firm, at present, is operating at an annual revenue run rate of Rs 150 crore. Newer frontiersDeshpande said that being an investee company of Colgate Palmolive and Reckitt Benckiser helps in offline expansion as the company gets to leverage on their respective distribution networks. The company plans to expand to the United States, Europe, West Asia, and Australia.