Mumbai, India: Premium men’s grooming brand Bombay Shaving Company has raised ₹136 crore ($15.3 million) in its latest funding round, comprising both primary and secondary share infusions. The round was led by Sixth Sense Ventures, with participation from founder and CEO Shantanu Deshpande, Patni Family Office, GII and other high-net-worth individuals (HNIs), and former Indian cricketer Rahul Dravid.
According to TheKredible, the Gurugram-based startup has now raised a cumulative $51.5 million across previous funding rounds.
The newly infused capital will be utilized to strengthen Bombay Shaving Company’s omnichannel presence, expand retail reach, and invest in brand-building and capability development. These initiatives aim to solidify the company’s leadership position across India’s rapidly growing grooming and personal care segments.
Founded in 2015 by Shantanu Deshpande, Bombay Shaving Company has evolved from a niche men’s shaving brand into a comprehensive grooming and personal care powerhouse, offering products across shaving, beard care, skincare, and hair care. The company has also successfully expanded into the women’s hair removal segment under the Bombae brand.
This funding round comes as a strategic move ahead of the company’s planned IPO, marking a new phase in its growth journey. The brand has achieved a net revenue run rate exceeding ₹550 crore and PAT profitability, effectively doubling its performance compared to the previous fiscal year.
“Focusing on fast-evolving consumer needs, designing high-quality products at competitive prices, and building a strong brand remain at the core of what we do. We aim to take Bombay Shaving Company public soon — the idea is to bring retail investors along on our growth journey,” said Shantanu Deshpande, Founder and CEO.
With robust growth in electric grooming tools, trimmers, and the women’s segment, Bombay Shaving Company has established double-digit market shares in several key categories. The brand continues to compete strongly with leading players like Ustraa, Beardo, and The Man Company, positioning itself as one of India’s most promising personal care startups gearing up for the next big leap — an IPO.
