BOMBAY SHAVING COMPANY CASE STUDY

BOMBAY SHAVING COMPANY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

BOMBAY SHAVING COMPANY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

BAY SHAVING COMPANY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

Co-Founder and CEO: Shantanu Deshpande

BAY SHAVING COMPANY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

BOMBAY SHAVING COMPANY BUSINESS MODEL

Bombay Shaving Company manufactures and markets personal care products that include razors, scrubs, and beard serums for men.

BAY SHAVING COMPANY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

STORY BEHIND THE IDEA BOMBAY SHAVING COMPANY

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

He spoke to family, friends and general consumers about their shaving habits and one thing became clear- nobady 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.

Brand Ambassador: Bollywood Actor Kartik Aaryan.

BAY SHAVING COMPANY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

FUNDING

Beardo Total Funding: $12M

In Aug 2016, it achieves $600K in Seed Round.

In Aug 2017, It achieves $2.5M led by fireside ventures.

In Aug 2018, it achieves $2.6M in Series A led by Colgate-Palmolive and Fireside Venture.

In Dec 2019, it achieves $6.3M led by Sixth Sense Ventures, Colgate Palmolive Asia Pacific.

 

INVESTORS

Fireside Venture, Colgate-Palmolive, and Sixth Sense Ventures.

ESTIMATED ANNUAL REVENUE

$9M

BAY SHAVING COMPANY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

DISCOVER

FOUNDED: 2015

FOUNDER: Shantanu Deshpande 

HEADQUARTERS: New Delhi, India

ESTIMATED ANNUAL REVENUE: $9M

EMPLOYEES: 51+

Industry Sector: Personal product

FACEBOOK FOLLOWERS: 36,565+

TWITTER FOLLOWERS: 651+

CATEGORIES: Beard, Shave Care, Bath Care, Skin Care.

COMPETITORS

HU, The Man Company, Rituels, Beard Lab, Mancaveinc, Beardbrand, Harry’s, Beardo, and The Art Of Shaving.

Thanks for reading

BOMBAY SHAVING COMPANY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

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