ICB » Fashion » Bombay Shaving Company raises $8 million funding from Lightbox Ventures

Bombay Shaving Company raises $8 million funding from Lightbox Ventures

Since its inception BSC has grown a strong foothold in both online and offline markets.

Custom shirt brand Bombay Shaving Company has raised $8 million (approximately Rs 56.6 cr) from Mumbai-based venture capital firm Lightbox Ventures.

In a formal statement founder Akshay Narvekar also spoke about introducing slow fashion,“The apparel industry is ripe for disruption. The trend of ‘fast fashion’ has caused reckless consumption which leads to a host of negative externalities. We at Bombay Shirt Company aim to propagate the notion of slow fashion – a much more careful and considered way to consume apparel.”

 

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The retail brand that currently holds 16 stores across Indian and in Dubai and New York overseas is planning to further expand up to 50 stores in next fiscal. It also plans to diversify into trousers and denim along with automating its production process.

“Our focus is on personalising the journey for every customer by producing garments unique to them while ensuring zero inventory and wastage; implementing this through advanced automation,” Narvekar further added in the statement.

BSC in the past 7 years of its inception has grown a strong foothold in both online and offline markets.

ShrishtyM

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