Bombay Shaving Company raises Rs 136 crore in funding; Shantanu Deshpande says, 'We will launch IPO soon'

Personal care brand Bombay Shaving Company has closed a funding round of Rs 136 crore in a combination of primary and secondary infusions. 

The round was led by Sixth Sense Ventures, with participation from Founder CEO Shantanu Deshpande, Patni Family Office, GII and HNIs. It also notably included marquee investor Rahul Dravid (Indian cricketing legend).

The company claims to have a net revenue run-rate of Rs 550 crore and achieving PAT profitability. 

Founded in 2016 by Shantanu Deshpande, Bombay Shaving Company focuses on designing and building innovative grooming solutions for young India. It competes with large global giants like Gillette and Philips and claims to have garnered double digit market shares in core categories with particular growth in trimmers and electric shavers as well as the women’s category through brand Bombae. 

Bombay Shaving Company also aims to expand its omnichannel presence, deepen retail reach, and invest in capabilities and brand-building to strengthen leadership across high-growth segments within India’s evolving beauty and grooming market.

Nikhil Vora, CEO, Sixth Sense Ventures, said, “Backing Shantanu and the Bombay Shaving Company team again feels like coming full circle for us at Sixth Sense. From day one, we’ve believed in founders who challenge convention and Bombay Shaving Company has done exactly that - we believe the brand is now ready to define the next chapter in India’s consumer story.”

“Thrilled to have Nikhil and Sixth Sense double down, especially with their new fund. Focusing on fast-evolving consumer needs, designing never-seen-before high quality products at competitive prices, and building brand remains core to what we do. We intend to continue this performance and take the company public soon. Idea is to do it sooner rather than later and carry the retail investor on our growth journey,” said Shantanu Deshpande.

Deepak Gupta, Co-Founder and COO, “Building brands which people trust to take sharp metal to their face is non-trivial. We have delivered market beating growth and consumer love and will continue to focus on getting better every day. We have not even scratched the surface of India’s deep markets.”