Hotline: 1800 102 2007
Hotline: 1800 102 2007
Aug, 23 2018

Colgate-Palmolive acquires 14% stake in Bombay Shaving Company

Colgate Palmolive's Asia Pacific unit has acquired a 14% minority stake in Bombay Shaving Company for an undisclosed amount.

Colgate-Palmolive acquires 14% stake in Bombay Shaving Company

Colgate Palmolive's Asia Pacific unit has acquired a 14% minority stake in Bombay Shaving Company, India based men's grooming firm, for an undisclosed amount. The initial investment is fixed at Rs 18 crore.

Founded in 2016, Bombay Shaving Company started with about 6 products. Today, it has a portfolio of 32 products across shaving, bath and body, skin and beard care. The company supplies men’s grooming products on a subscription-based model on the lines of the US-based start-up Dollar Shave Club.

Shantanu Deshpande, CEO at Bombay Shaving Company, said, “Building a consumer brand in India needs time, capital and long-term vision. After having proven product-market fit with promising repeat rates and product response, we are now looking to scale the brand. Colgate-Palmolive will help us with product development, scaling our distribution and building the brand.”

The men’s grooming products made by the startup includes razors, blades, facial scrubs, shaving cream, post-shave balms, shaving brushes, towels and travel kits. The company expanded its products by also including shower gels and disposable razors. 

Kanwaljit Singh, Founder of Fireside Ventures and board member at Bombay Shaving Company, said, “The Bombay Shaving Company team has been able to quickly ramp up its product portfolio and expansion of its online platform. We see BSC building a strong brand with emotional appeal and a compelling product narrative.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Furniture/Home Decor & Furnishing
    Established in 2014, The Furniture Lounge is a notable wholesaler and trader&nbs..
    Locations looking for expansion Haryana
    Establishment year 2014
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 360
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Superstores
         Started in 2015 Online Delybazar Internet Retail Market Private Limited..
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Quick Service Restaurants
    About Us: Greetings from USPFC!! U.S. Pizza and Fried Chicken have come..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Tea Coffee Products
    Fernweh Agro is a certified Indian brand in Tea, Coffee,..
    Locations looking for expansion Rajasthan
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size
    Space required 250
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Jaipur Rajasthan
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities