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Bombay Shaving Company’s Loss Nearly Doubles To INR 80 Cr In FY23

Inc42 · 1y

Delhi NCR-based grooming and personal care company Bombay Shaving Company experienced a significant increase in net loss during the financial year ending March 2023. The startup's net loss amounted to INR 80.2 crores, rising by 85% compared to the previous fiscal year. However, the company's operating revenue reached INR 177.3 crores, representing a 69% increase from the previous year. Bombay Shaving Company primarily earns revenue through online and offline sales. It recently raised INR 24 crores in debt funding to expand its offline presence to more cities.