Bombay shaving company

https://www.bombayshavingcompany.com/

About

Grooming startup The Bombay Shaving Company is making men's shaving experience smoother. With 12,000 customers and recent funding of $2.5 million, Shantanu Deshpande's The Bombay Shaving Company aims to hit a revenue target of Rs 30 crore in the next fiscal. Shantanu Deshpande was happy with his McKinsey job.

Startup Story

Shantanu Deshpande was happy with his McKinsey job. But things changed after a conversation with a friend who was then interning at hipster New York shaving brand Harry's. The thought of blades, shaving creams and men’s grooming got Shantanu’s brain cells buzzing. Could there be an opportunity in India?

With 12,000 customers and recent funding of $2.5 million, Shantanu Deshpande’s The Bombay Shaving Company aims to hit a revenue target of Rs 30 crore in the next fiscal.

He spoke to family, friends and general consumers about their shaving habits and one thing became clear – nobody really wanted to shave. In fact, many men hated the daily ritual and, if given the option, would not shave. That was Shantanu’s Eureka moment; it led to the birth of The Bombay Shaving Company in October 2015. It had become clear to Shantanu that an opportunity existed in India – and that this was a large, underserved and monopolised market that needed a brand disruptor. After ruminating over the idea for over a year and multiple conversations with FMCG veterans, it seemed like the time was right.

Maninder Singh joined us in a few months to head operations and Shanky Chauhan to head sales. They both bring tremendous hustle and the ‘get-it-done’ mindset, which has set the team up to be top-class executors of a sound strategy,” Shantanu says. Today, the Bombay Shaving Company claims to have over 12,000 customers, has

Raunak always wanted to build a brand from scratch. Rohit was keen to establish an FMCG company and make great products. And Deepu had a passion for engineering and design. Together, they were the right fit. After several conversations, calls and Skype sessions around the vision, business model and go-to-market strategy, the Delhi-based company was founded.

Shantanu soon roped in his school friend, Raunak Munot, who was Director of Social Strategy, GroupM New York, and college friends, Rohit Jaiswal, the Head of Channel at Emel and Crompton Greaves, and Deepu Panicker, a senior analyst at McKinsey.


Video
https://www.youtube.com/watch?v=P1oUmMpAF54

Revenue

Bombay Shaving Company (BSC) has raised Rs 45 crore in a new financing round, led by Sixth Sense Ventures, with participation from existing investor Colgate Palmolive Asia Pacific. Following the fundraising, a clutch of angels and early employees have exited the brand, which has picked up Rs 80 crore till date.

Close to 30 angels, including 16 partners from McKinsey including Noshir Kaka and Gautam Kumra, as well as S Ramadorai, former managing director of TCS; Kiran Deshpande, former  ..

Ceo

Shantanu Deshpande - CEO and Co-Founder - Bombay Shaving Company