In a Series B funding round led by Sixth Sense Venture Partners, Bombay Shaving Company (BSC) secured Rs 45 crore. The brand stated that it has also created Rs 20 crore worth of exit opportunities for 30 angels and early employees. BSC plans to utilize the funds in expanding its presence in the larger skincare category coupled with brand shaving and building the company’s name in the market. Shantanu Deshpande, Founder and CEO at Bombay Shaving Company said, “We are thrilled to have Sixth Sense join this journey. They are a top consumer fund with insight into public markets, which is invaluable for us. We don’t believe in large fund infusions, however, exits for angels and early employees are an extremely positive outcome. Wealth creation is what drives us.”
