Bombay Shaving Company has raised INR 136 crore in a mix of primary and secondary transactions led by consumer-focused investor Sixth Sense Ventures, as the grooming brand gears up for a planned public listing. Bombay Shaving Company pre-IPO round also saw participation from founder and CEO Shantanu Deshpande, Patni Family Office, Gulf Islamic Investments (GII), and existing investor Rahul Dravid.
The Delhi-based personal care player disclosed that it is now PAT-positive and operating at a net revenue run-rate of over INR 550 crore, positioning the latest fundraise as a step towards an IPO “sooner rather than later.” The proceeds will be used to deepen omnichannel distribution, widen retail reach and invest in product innovation and brand building across core categories, the company stated.
On performance, the firm’s stated run-rate of INR 550 crore implies more than 115% growth versus its FY25 revenue base of INR 255 crore, though run-rate is not directly comparable with audited annual revenue. The company had earlier guided for faster expansion driven by profitability improvements and store additions across general trade and modern trade, industry reports noted.
“We intend to continue this performance and take the company public soon and carry the retail investor on our growth journey,” Deshpande said, underscoring the brand’s focus on high-quality, competitively priced products.
“We believe the brand is now ready to define the next chapter in India’s consumer story,” added Nikhil Vora, founder and chief executive of Sixth Sense Ventures, signalling continued sponsor confidence as BSC moves towards the public markets.
Founded in 2016, Bombay Shaving Company has evolved from a single-category D2C start-up into a multi-category player catering to men and women (through its Bombae brand), competing with global incumbents such as Gillette and Philips. The company claims double‑digit market share in trimmers, electric shavers and women’s grooming.
On the cap table, Sixth Sense has been a long-standing backer alongside strategic investor Reckitt, which led an INR 45‑crore round in 2021; BSC’s holding entity is Visage Lines Personal Care. The firm has said that past strategic funding supported omnichannel expansion and capability building, laying the groundwork for scale-up.
Management has not disclosed any timeline for Bombay Shaving Company IPO. Any listing will hinge on market conditions, execution of offline expansion and sustained profitability amid intense competition in India’s fast-growing beauty and grooming market, sector watchers said.
At a Glance
- Amount raised: INR 136 crore (primary + secondary), led by Sixth Sense Ventures.
- Participants: Founder-CEO Shantanu Deshpande, Patni Family Office, GII, HNIs, Rahul Dravid.
- Use of proceeds: Omnichannel expansion, retail reach, product innovation, brand building.
- Bombay Shaving Company IPO Date: The company says listing targeted “sooner rather than later”; timeline not disclosed.
- Categories: Men’s and women’s grooming; double‑digit share in trimmers, electric shavers and Bombae women’s range.
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