Friday, December 20

Tag: letsshave

Wipro Consumer Care Ventures invests in LetsShave
26Feb By PriyankaNo Comments
FUNDING

Wipro Consumer Care Ventures invests in LetsShave

Wipro Consumer Care Ventures, the venture capital fund of Wipro Consumer Care & Lighting has signed an agreement to invest in LetsShave Private Ltd, which caters to male and female shaving and grooming markets. LetsShave focuses predominantly on the shaving category, and is expanding into personal care categories like body care, skin care and electric trimmers, the city-headquartered Wipro said in a statement. The company markets its portfolio of products under the brand name of LetsShave. It has a strategic tie-up with Dorco, a Korean Company and one of the pioneers in the razor industry, manufacturing blades since 1955.Dorco has a 10 percent stake in LetsShave and is a global supplier to companies like Dollar Shave Club. Managing Partner of Wipro Consumer Venture, Sumit Kesh...
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Korean Razor Giant Dorco Acquires 10% of LetsShave
26Oct By Gauri SinghNo Comments
ACQUISITION

Korean Razor Giant Dorco Acquires 10% of LetsShave

Korean razor giant Dorco Ltd picks up 10% stake in an Indian startup LetsShave in Series –A funding. The deal is significant investment for the ecosystem as this is for the first time that global giant has invested in an Indian men’s and women’s grooming product range startup. Founded in 2015, LetsShave claims to have more than 4,50,000 customers base and has been growing at 45% YoY ever since. The startup began with about four products and is now selling 22 products and plans to expand to 40 products in the near future. They have a very strong supply chain that delivers almost everywhere in India. LetsShave claims to have a high repeat rate of customers. In recent years, Indian FMCG companies picked up stakes in grooming & cosmetic startups. In 2017, Marico acquired 45% stake...
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