PE Fund Investments
Personal care brand Bombay Shaving Company raises Rs.50-Cr from Gulf Islamic Investments
New Delhi-based D2C brand Bombay Shaving Company has raised INR 50 crore from Gulf Islamic Investments in an extension of its Series C round led by hedge fund Malabar Investments. The company has altogether raised INR 210 crore in this round. Bombay Shaving plans to scale its topline to INR 500 crore with an omnichannel presence in the next two years. It will deploy the new funds towards expanding its portfolio of personal care and hair removal products. The company also counts Reckitt, Colgate-Palmolive, Sixth Sense Venture Partners, TCS former vice-chairman S Ramadorai, and 16 senior partners from McKinsey & Company among its investors.
From the Venture Intelligence PE-VC Deal Database: Between Aug-17 and Jan-22, Bombay Shaving Company raised about $41 M from Malabar Investments, Singularity Holdings, Sixth Sense Ventures, Fireside Ventures, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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