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Exclusive: Bombay Shaving Company Raises INR 24 Cr Debt From Alteria Capital

Inc42 · 1y ago

Exclusive: Bombay Shaving Company Raises INR 24 Cr Debt From Alteria Capital

Direct-to-consumer grooming and personal care startup Bombay Shaving Company has secured INR 24 crore ($3 million) in debt funding from venture debt fund Alteria Capital. The funding will be used to refine the startup's go-to-market strategy for its razor category, as well as expand its offline presence to 25 cities from the current 12. The startup, which offers products for men's and women's grooming, has raised a total of $48 million in funding to date and reported around INR 178 crore ($23.6 million) in revenue for FY23. It competes with brands like The Man Company and Ustraa in the men's grooming space.

Related News

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

Inc42 · 1y ago

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

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.

Country Delight Closes INR 200 Cr Debt Round From Alteria Capital

Inc42 · 10m ago

Country Delight Closes INR 200 Cr Debt Round From Alteria Capital

Country Delight, a startup that delivers milk and other daily essentials directly to consumers, has raised INR 200 crore ($26.3 million) in debt funding. The funding round, led by Alteria Capital, will be used to expand the company's operations, increase capacity, and support marketing efforts. Country Delight had previously raised INR 70 crore ($9.2 million) from Alteria Capital in August 2020. Since its establishment in 2015, the company has been focused on providing high-quality dairy products and other essentials to customers.

Exclusive: Stanza Living secures debt from Alteria and Innoven Capital

Entrackr

Entrackr · 25d ago

Exclusive: Stanza Living secures debt from Alteria and Innoven Capital

Exclusive: Stanza Living secures debt from Alteria and Innoven Capital Managed accommodation provider Stanza Living secured Rs 60 crore (approximately $7 million) in debt funding from Alteria Capital and Innoven Capital. Previously, Stanza Living raised Rs 110 crore ($13 million) in a bridge round led by Alpha Wave, as exclusively reported by Entrackr. The Stanza Living’s board issued 6,000 non-convertible debentures at a face value of Rs 1,00,000 each to raise the above-mentioned amount, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Alteria Capital invested Rs 35 crore ($4.1 million) while Innoven Capital contributed with Rs 25 crore ($2.9 million) in the round. Founded in 2017, Stanza Living is a managed accommodation startup that offers hassle-free living for students and young professionals moving to new cities. The company claims to have over 75,000 beds across 24 cities in India. The Delhi-based startup has raised over $240 million to date across multiple debt and equity rounds from investors such as Alpha Wave, Peak XV Partners, Accel, and Z47, according to startup data intelligence platform TheKredible. The Accel-backed company is yet to file its financials for FY24 and FY25. In FY23, its revenue rose to Rs 442 crore from Rs 115 crore in FY22, while losses widened 18.71% to Rs 495 crore during the same period. Stanza Living competes with Your-Space, which recently raised Rs 70 crore in debt, and Truliv, which entered into a strategic equity partnership with Bennett, Coleman and Company Limited (BCCL). Other competitors include Colive, Settl, Union Living, and Coho.

Pratilipi raises ₹10.11 cr from Alteria Capital

Inshorts · 8m ago

Pratilipi raises ₹10.11 cr from Alteria Capital

Bengaluru-based self-publishing platform Pratilipi has raised ₹10.11 crore in a bridge funding round, which was a mix of equity and debt, from Alteria Capital. Out of the ₹10.11 crore, about ₹5 crore was raised in debt and the remaining was equity funding, as per the startups regulatory filings.

Bombay Shaving Company crosses Rs 200 Cr revenue in FY24; cuts losses by 22%

Entrackr

Entrackr · 8m ago

Bombay Shaving Company crosses Rs 200 Cr revenue in FY24; cuts losses by 22%

Bombay Shaving Company, a grooming and personal care brand, narrowed down its losses to Rs 62.15 crore in FY24, making a notable improvement from Rs 80.25 crore in FY23. Meanwhile, its operating scale also crossed the Rs 200 crore revenue mark in the last fiscal year. Bombay Shaving Company’s revenue from operations surged 27.38% to Rs 225.85 crore in FY24 from Rs 177.30 crore in FY23, its consolidated financial report sourced from the Registrar of Companies (RoC) shows. Bombay Shaving Company is a D2C grooming and personal care startup with a portfolio of a wide range of products including shaving cream, haircare, skincare, and beard care products. The sale of these products was the sole source of revenue for the company in the last fiscal year. The company made an additional Rs 7.6 crore from interest income which pushed its total revenue to Rs 233.4 crore in FY24. For the men's grooming brand, the cost of material was the largest component of BSC’s expenses, increasing by 34.39% to Rs 118.76 crore in FY24. The advertising and employee benefits costs rose marginally to Rs 85.90 crore and Rs 36.79 crore, respectively. Its delivery and handling charges declined by 9.41% to Rs 18.78 crore, respectively, while other expenses remained stable at Rs 35.34 crore. Overall, total expenses for Bombay Shaving Company increased to Rs 295.57 crore in FY24 from Rs 262 crore in FY23. The Gurugram-based Company managed to reduce its net loss by 22% to Rs 62.2 crore in FY24. Its ROCE and EBITDA margin stood at -74.66% and -22.90%, respectively. On a unit basis, the company spent Rs 1.31 to earn a rupee in FY24. The firm reported Rs 203 crore of current assets in FY24 including Rs 72.5 crore of cash and bank balance. According to TheKredible, Bombay Shaving Company has raised a total of $51.5 million in funding to date. Its lead investors include Sixth Sense Ventures, Colgate-Palmolive, Malabar Investments, Reckitt, and Patni & Family. Bombay Shaving Company competes with Ustraa, Beardo, and The Man Company in the grooming segment. Ustraa reported a 2.94% revenue decline to Rs 94.02 crore and a loss of Rs 50 crore in FY24. Meanwhile, Beardo’s revenue from operations rose to Rs 173.2 crore, and The Man Company saw a 58% increase in revenue, reaching Rs 182 crore.

Rebel Foods backer Alteria Capital closes third venture debt fund at $186 mn

VCCircle

VCCircle · 1y ago

Rebel Foods backer Alteria Capital closes third venture debt fund at $186 mn

Alteria Capital, a venture debt firm and backer of Rebel Foods, has closed its third venture debt fund at INR 1,550 crore (around $186 million). The fund, which surpassed its initial INR 1,000 crore target, will invest in venture capital-backed startups, providing up to INR 200 crore per company. Alteria Capital has also introduced a twin scheme strategy, comprising a venture debt scheme and a shorter duration scheme, with a final close expected by the end of 2024. The fund has already invested 50% of its capital commitments and currently has an AUM of INR 4,350 crore.

Fresh Bus raises INR 43.9 Cr, closes series A at INR 87.5 Cr

Inshorts · 1y ago

Fresh Bus raises INR 43.9 Cr, closes series A at INR 87.5 Cr

Bengaluru-based inter-state electric bus service provider Fresh Bus has raised an additional INR 43.9 Cr (about $5.2 Mn) in its Series A funding round led by Maniv Mobility. The round also saw participation from Shell Ventures, Alteria Capital and existing investor Riverwalk Holdings.

OneCard raises Rs 95 Cr debt from Alteria

Entrackr

Entrackr · 1y ago

OneCard raises Rs 95 Cr debt from Alteria

Mobile-first credit card startup OneCard has secured Rs 95 crore ($11.44 million) in debt funding from Alteria Capital. The company, which offers co-branded credit cards and a credit score tracking app, will issue 9,500 Series B debentures to raise the funds. The debt funding will be used for business operations. OneCard became a unicorn in 2022 after a Series D funding round and has seen significant growth in revenue, but also a rise in losses. It competes with Slice and Uni in the co-branded credit card space.

Dailyhunt Parent VerSe Innovation Secures INR 50 Cr Debt From Alteria Capital

Inc42 · 1y ago

Dailyhunt Parent VerSe Innovation Secures INR 50 Cr Debt From Alteria Capital

VerSe Innovation, the parent company of Dailyhunt and Josh, has raised INR 50 Cr ($6.25 Mn) in debt funding from Alteria Capital. The funds will be used for general corporate purposes and to support business growth and expansion plans. VerSe reported losses of INR 1,909.7 Cr in FY23, down 25% from the previous fiscal year. The company's flagship product, Dailyhunt, claims to have over 350 Mn monthly active users, while Josh reportedly has 139 Mn monthly active users and 68 Mn daily active users. This funding round comes after VerSe raised $805 Mn in 2022.

Exclusive: InCred Finance Bags INR 400 Cr Debt Funding From Morgan Stanley, Others

Inc42 · 2m ago

Exclusive: InCred Finance Bags INR 400 Cr Debt Funding From Morgan Stanley, Others

InCred Finance, the lending arm of InCred Group, secured INR 400 crore (approximately $46.8 million) in debt funding from Morgan Stanley, Nippon Life India, and others, with equity funding of INR 40 crore from its parent company. The funding was raised through the issuance of non-convertible debentures. This capital infusion comes as InCred Finance prepares for an upcoming IPO, targeting a raise of INR 4,000 crore to INR 5,000 crore later this year.

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