Bombay Shaving Company’s Deshpande: Want to operate like a proper FMCG company

Know more→

Mobility Energy and Transportation

Consumer and Internet

Bombay shaving company’s deshpande: want to operate like a proper fmcg company

28 Jan 2021

1 min read

News broke earlier today of British multinational consumer goods firm Reckitt Benckiser (RB) leading a Rs 45 crore funding round in Visage Lines Personal Care, which owns personal grooming brand Bombay Shaving Company. Several individual HNIs, including Anjali Bansal from Avaana Capital, also participated in the round. The investment by RB marks the fifth round of financing for the company, which has earlier seen investments from the likes of Sixth Sense Venture Partners and Colgate-Palmolive. Bombay Shaving Company was founded in 2016 by Shantanu Deshpande, a former McKinsey & Co consultant. According to business research firm PGA Labs, the men’s grooming market in India is expected to be worth around $5.5 billion by the end of the year.

The full article was originally published on Moneycontrol

Disclaimer: The text, images and content here have been reproduced from the original publisher. Praxian Global Private Limited does not claim any ownership or right to use of this content and the rights belong to the publisher. We have contributed our perspectives, which are often proprietary, to the content publisher. We or the publisher have no obligation to update or refresh the content or our perspectives shared herein.

Ready to talk?

I want to talk to your experts in:

We work with ambitious leaders and transformative clients who are defining the future. Together, we achieve extraordinary outcomes.

Bombay Shaving Company’s Deshpande: Want to operate like a proper FMCG company | PraxisGA