Premium personal care brand for men & women, The Bombay Shaving Company (BSC) has raised Rs 50 crore from Gulf Islamic Investments (GII), as part of a Rs 160 crore Series C investment round managed by Indian hedge fund Malabar Investments.
The men’s grooming and hair removal business wants to grow its top line to Rs 500 crore with an omnichannel presence in the next two years and aims to use the capital to develop its personal care and hair removal product portfolio.
A company statement released on Friday reveals that Reckitt, Colgate Palmolive, Sixth Sense Venture Partners, and industry powerlifters (including former TCS vice-chairman S Ramadorai and 16 senior partners from McKinsey & Company) are among the investors in the company’s sixth round of funding.
This brings the total to Rs 210 crore. The funding round came 11 months after the Bombay Shaving Company raised Rs 45 crore from Reckitt Benckiser, a leading FMCG company.