Colgate-Palmolive buys minority stake in grooming firm Bombay Shaving Co

Company raises Series-A investment from Colgate and existing investor Fireside Ventures

Bombay Shaving Company, an online men’s grooming brand and a pioneer in the direct-to-consumer market in India, announced on Thursday that it has raised an undisclosed amount in series A funding from a clutch of investors, including Colgate Palmolive Asia Pacific Limited, a subsidiary of the Colgate-Palmolive based in Hong Kong, and existing investors Fireside Ventures. As part of the transaction, Colgate-Palmolive has picked up a minority stake in the company.

Founded two years ago, Bombay Shaving Company has expanded quickly to over 80,000 customers and a portfolio of over 30 products across shaving, bath and body, skin and beard care