5 Striving Indian startups Overcoming Losses to Foster Success

Bombay Shaving Company’s Loss Doubles than previous year

Delhi-NCR based, a premium grooming solutions & personal care startup, Bombay Shaving Company provides trimmers, razors, charcoal kit, face care kit, and many more. In the financial year ended in March 31, 2023, the startup registered that its net loss swell into 1.8 X by seeing Rs. 80.2 crore loss which is 85% greater than the previous year’s loss of Rs. 43.3 crore. Even the loss doubles, the company reported sales rate nearly Rs. 200 crore in FY23 & earned operating revenue of Rs. 177.3 crore which id 69 % greater than FY22’s revenue Rs. 105 crore.

They are under process to set-back the significant losses by expanding their portfolio in some other categories such as face washes, fragrances, and so on. Recently the company closed a funding deal of Rs. 24 crore with Alteria Capital in April FY24 to magnify its new phase of growth journey. By this funding deal, the company is striving and thriving hard to register 35% growth in FY25.

“We are looking at almost 35% growth in FY25. Getting the brand a lot more salient through investments in the brand campaign for our core power products will be critical right now”, adds Shantanu Deshpande, Founder, Bombay Shaving Company