VC Fund Investments
Wipro venture arm raises stake in personal care startup LetsShave
Wipro Consumer Care Ventures has picked up an additional stake in Chandigarh-based personal care company LetsShave. Following the latest funding round, Wipro and South Korea-based Dorco, one of the largest razor manufacturers globally, together own a 25% stake in LetsShave. With this investment, the startup has now raised a total of USD 6 million since its inception. The company plans to use the fresh capital for international expansion, marketing and building inventory. LetsShave also plans to enter offline channels with the new fundraise. Founded in 2015, LetsShave started as a men's and women's shaving products brand. Since then, it has expanded its presence in the men's grooming portfolio.
From the Venture Intelligence PE-VC Deal Database: In Feb 20, LetsShave had attracted USD 1 M (INR 7.5 Cr then) from Wipro Consumer Ventures. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
