Bombay Shaving Company, a men’s grooming products startup, has raised Rs 4 crore (nearly $600,000) in a seed round funding from a group of angel investors including McKinsey India managing director Noshir Kaka, according to a report.
Other investors include Subramanian Ramadorai, former CEO at Tata Consultancy Services Ltd and an adviser to the prime minister; and former Tech Mahindra Ltd CEO Kiran Deshpande, The Economic Times reported citing people aware of the development it didn’t name.
An email query to the startup didn’t elicit any response till the time of filing this report.
The company, which was launched in August last year by former McKinsey and GroupM employees, has positioned itself as a luxury brand.
The Internet-first company sells its products through a subscription model. It claims to get 400 orders a month and plans to scale to about 30,000 orders a month in the next six months.
The company competes with the likes of Delhi-based Helios Lifestyle Pvt. Ltd, which runs the Man Co., an e-commerce site for men’s grooming products. Helios raised angel funding last year.
Other subscription-based e-commerce companies include Fabbag and Enchantess, which provide beauty, makeup and grooming products for women and men.
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