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D2C grooming and personal care brand Bombay Shaving Company has raised INR 136 Cr (around $16.3 Mn) in a round, led by existing investor Sixth Sense Ventures, which was a mix of primary and secondary infusion.
The funding round also saw participation from founder and CEO Shantanu Deshpande, former cricketer Rahul Dravid and a host of undisclosed family offices and HNIs.
The startup plans to use the funding to expand its omnichannel presence and brand building as it gears up for a potential IPO.
Founded by Deshpande in 2016, Bombay Shaving Company began as a D2C men’s grooming brand. Since then, it has expanded into newer categories like perfumes and face washes and turned into an omnichannel brand. Besides men’s products, Bombay Shaving Company also operates Bombae, which sells products for women, like razors, trimmers, wax strips, among others.
Bombay Shaving Company sells its products via its own website, ecommerce and quick commerce platforms, and offline stores.
On the financial front, the company claimed to have achieved PAT profitability in FY25 but didn’t disclose the exact figure.
In FY24, Bombay Shaving Company’s net loss declined 23% to INR 62.1 Cr from INR 80 Cr in the previous fiscal year. Operating revenue rose 26% to INR 204 Cr from INR 161.8 Cr in FY23.
Prior to this, the D2C brand raised debt funding capital of INR 24 Cr in April last year. It competes with startups like Beardo, The Man Company, and Ustraa, as well as the likes of Gillette and Philips.
They operated in the rapidly growing D2C space of the country, which is expected to become a $300 Bn market by 2030, powered by rising digital adoption, evolving consumer demand, and brand innovation.
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