Bombay Shaving Company raises Rs 136 Cr ahead of planned IPO

Men’s grooming brand Bombay Shaving Company has closed a funding round of Rs 136 crore ($15.3 million) in a combination of primary and secondary infusions. The round was led by Sixth Sense Ventures, with participation from founder and CEO Shantanu Deshpande, Patni Family Office, GII and HNIs, and ex- Indian cricketer  Rahul Dravid.

According to TheKredible, the Gurugram-based company has raised a total of $51.5 million in previous funding rounds.

The fresh proceeds will be allocated towards expanding its omnichannel presence, deepening retail reach, and investing in capabilities and brand-building to strengthen leadership across high-growth segments, Bombay Shaving Company said in a press release.

Founded in 2015 by Shantanu Deshpande, Bombay Shaving Company offers a wide range of products for men and women across categories like shaving, hair care, beard care, and skin care, and has expanded to include a women's hair removal line.

This fundraise marks a strategic step toward consolidation as the brand prepares for a potential IPO. According to the company, it has reported a net revenue run rate of over Rs 550 crore and achieved PAT profitability, doubling its performance compared to FY25.

“Focusing on fast-evolving consumer needs, designing never-seen-before high quality products at competitive prices, and building brand remains core to what we do. We intend to continue this performance and take the company public soon. The idea is to do it sooner rather than later and carry the retail investor on our growth journey,” said Deshpande.

The brand claims to have garnered strong double digit market shares in core categories with particular growth in trimmers and electric shavers as well as the women’s category through brand Bombae.

Bombay Shaving Company competes with Ustraa, Beardo, and The Man Company in the grooming segment.