Deal Talk: Bombay Shaving Company raises funds; Motilal Oswal commits $35 mn to engineering firm VVDN Technologies

Online healthcare brand Bombay Shaving Company has raised $6 million in Series B funding round led by Sixth Sense Venture Partners. Existing investor Colgate Palmolive Asia Pacific, a subsidiary of consumer goods giant Colgate-Palmolive, participated in the round too, multiple media reports said.

The brand, which is owned by Visage Lines Personal Care, said it has also created $3 million worth of exit opportunities for 30 angels and early employees. This fundraising has taken the total capital raised by BSC to Rs 80 crore.

Founded in 2016, the company started as a direct-to-consumer premium shaving platform, but has expanded into skin, beard and bath categories. The firm, which also sells its products on e-commerce platform Amazon, has a portfolio of over 45 brands across shaving, bath and body, skin, and beard care categories.

VVDN Technologies

Financial services firm Motilal Oswal-managed India Business Excellence Fund III has committed $35.2 million fund infusion in Gurugram-based VVDN Technologies.

Founded in 2007 by Bhupender Saharan, Puneet Agarwal, Vivek Bansal and Murali Jayaraman, the company is engaged in product engineering and electronics product manufacturing.

“The funds would be utilised for acquisitions, expansion of manufacturing facility, engineering development labs and demo rooms which will help us serve our customers better, improve our capabilities,” Bhupender Saharan, co-founder and CEO of VVDN Technologies said in a statement.

The company is an integrated product design and original design manufacturing service provider in the electronics space. It counts global semiconductor companies and large to mid-sized original equipment manufacturers across multiple sectors as its customers. 

With a presence in the US, Europe, Korea, Japan and India with nine delivery centres, the company claims to be one of the fastest-growing Indian design manufacturers and posted revenue growth of eight times in four financial years.