Bombay Shaving Company

Bombay Shaving Company

Bombay Shaving Company

January 2022

Announced Date: January 2022

Value: Undisclosed

Bombay Shaving Company raises equity funding from Malabar Capital, Gulf Islamic Investments, Patni Advisors, Singularity Ventures and other investors.

We are pleased to announce that our client, Visage Lines Personal Care Private Limited (“Bombay Shaving Company / BSC"), has successfully raised equity funding from Malabar Capital, Gulf Islamic Investments, Patni Family Office, Singularity Ventures and a few family offices. o3 Capital was the exclusive financial advisor to Bombay Shaving Company and its shareholders for the transaction.

Founded by Shantanu Deshpande in 2016, with investments from Sixth Sense Ventures and two leading global strategics, Reckitt and Colgate Palmolive, Bombay Shaving Company is one of India’s fastest growing personal care brands in the hair management and grooming space, with presence across more than 20,000 offline stores in 70+ cities and on all leading e-commerce platforms. The Company has recently forayed into the women’s hair management & grooming space and recorded exponential growth, to become one of the dominant brands in the women hair removal solutions segment within 12 months of launch.

Shantanu Deshpande, Founder and CEO, Bombay Shaving Company, said, “We have always been singularly focused on building a brand that owns the overall grooming category for men & women. We intend to use the capital raised for distribution expansion across channels, product development within core categories, brand building and to hire talent across positions. We are also keenly looking to acquire brands in adjacent categories and content platforms”.

On the transaction, Mohit Khullar, Managing Director, o3 Capital said, “Bombay Shaving Company has emerged as a dominant player in the hair management & grooming category. Led by a highly pedigreed leadership team, BSC has successfully built strong brand equity across its core categories within a short span of time. The investment proceeds will support the Company’s growth plans to become an INR 1,000 crore brand”.

o3 Capital acted as the Exclusive Financial Advisor to Bombay Shaving Company on the transaction.