Bombay Shaving Company Bags ₹136 Cr! Rahul Dravid Invests as IPO Dream Looms

Bombay Shaving Company, a prominent personal care brand targeting young India, has successfully closed a significant funding round of ₹136 crore. This investment comprises both primary capital for the company's growth and secondary capital from existing stakeholders. The round was led by Sixth Sense Ventures, with notable participation from Founder CEO Shantanu Deshpande, Patni Family Office, GII, HNIs, and cricketing legend Rahul Dravid.

The company reports a net revenue run-rate of ₹550 crore and has attained Profit After Tax (PAT) profitability. Founded in 2016, Bombay Shaving Company specializes in innovative grooming solutions and competes with global giants. It claims to hold double-digit market shares in its core categories, with strong growth observed in trimmers, electric shavers, and the women's segment through its brand Bombae.

Bombay Shaving Company intends to leverage this funding to expand its omnichannel presence, deepen its retail reach, and invest further in brand-building and capabilities. Founder Shantanu Deshpande expressed enthusiasm for taking the company public soon, aiming to include retail investors in its growth journey.

Impact This funding will bolster Bombay Shaving Company's expansion plans, enhance product development, and strengthen its competitive position in India's burgeoning beauty and grooming market. The clear intent to pursue an IPO makes this a noteworthy development for investors tracking potential public offerings in the consumer sector. Impact Rating: 7/10

Difficult Terms: Primary Infusion: New capital raised by a company from investors that goes directly into the company's operations and growth. Secondary Infusion: Existing shareholders sell some of their stake to new investors; the company itself does not receive funds from this portion. Net Revenue Run-Rate: An estimate of a company's total annual revenue based on its current performance over a shorter period. PAT Profitability: Profit After Tax (PAT) is the net profit remaining after all expenses and taxes are deducted. Achieving PAT profitability means the company is making a net profit. Omnichannel Presence: A strategy that integrates various customer touchpoints (online, offline, mobile) for a seamless customer experience. IPO (Initial Public Offering): The process where a private company first offers its shares to the public, becoming a publicly traded entity.