Bombay Shaving Company raises INR 50 crores from Gulf Islamic Investments

Reckitt, Colgate Palmolive, Sixth Sense Venture Partners, and industry heavyweights are all the investors for the company's fundraising.

Bombay Shaving Company raises INR 50 crores from Gulf Islamic Investments

Bombay Shaving Company (BSC), a Indian personal care and hair removal company, has raised INR 50 crores from Gulf Islamic Investments (GII). The company previously raised INR 160 crores from Malabar. The entire round size now stands at INR 210 crores.

The cash comes 11 months after Reckitt, a worldwide FMCG organization in the health, hygiene, and nutrition sectors, gives the firm INR 45 crore.  Huge companies: Colgate Palmolive and Reckitt Benckiser funds them. The firm wants to increase operations to INR 500 crore in the top line with an omnichannel presence in the next two years, and the money would be utilized to develop its personal care and hair removal product range. In addition to its current domestic market knowledge, GII will be well-positioned to give access to GCC markets.