Bombay Shaving Company Bags $2.5 Mn From Fireside Ventures and HNIs
Male grooming products manufacturer, Bombay Shaving Company has raised $2.5 million from Fireside Ventures and high net-worth individuals (HNIs) including senior executives from McKinsey & Co.
The pre-series A funds will be used for brand building initiatives and introducing new products. Started in 2016, Bombay Shaving Company sells a premium range of shaving products including shaving brushes, razors and foam.
In an interview, founder Shantanu Deshpande said the company will expand the range to men’s soaps, moisturizers and face wash by December. It also plans to introduce, ironically, beard grooming products—oils, conditioner and wax—entering a segment popularized by rival Beardo.
Ahmadabad-based Beardo was recently acquired by packaged goods maker Marico Ltd.
Deshpande,...