About LetsShave
LetsShave is a company based in Chandigarh (India) founded in 2015 by Sidharth Shanker Oberoi.. LetsShave has raised $3 million across 3 funding rounds from investors including Wipro Enterprises, Wipro Consumer Care and Dorco. The company has 15 employees as of April 07, 2024. LetsShave offers products and services including Trimmers, Razors, Grooming Kits, and Disposables. LetsShave operates in a competitive market with competitors including The Man Company, Bombay Shaving, Mars by GHC, Man Matters and Beardo, among others.
- Headquarter Chandigarh, India
- Employees 15 as on 07 Apr, 2024
- Founders Sidharth Shanker Oberoi
- Stage Minicorn
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Letsshave Private Limited
- Date of Incorporation 24 Aug, 2016
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$2.14 M (USD)7.28as on Mar 31, 2023
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Net Profit
$-158.57 K (USD)84.52as on Mar 31, 2023
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EBITDA
$607.36 K (USD)181.88as on Mar 31, 2023
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Total Equity Funding
$3 M (USD)
in 3 rounds
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Latest Funding Round
$363.21 K (USD), Series B
May 30, 2023
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Investors
Wipro Enterprises
& 2 more
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Employee Count
15
as on Apr 07, 2024
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Products & Services of LetsShave
LetsShave offers a comprehensive portfolio of products and services, including Trimmers, Razors, Grooming Kits, and Disposables. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electric devices for beard and hair trimming needs
Manual and disposable options for daily shaving routines
Complete sets for shaving and maintenance tasks
Single-use items for convenient grooming sessions
Funding Insights of LetsShave
LetsShave has successfully raised a total of $3M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $363.21 thousand completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $363,210
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First Round
First Round
(26 Oct 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series B - LetsShave | Valuation | Wipro Enterprises | |
| Feb, 2020 | Amount | Series A - LetsShave | Valuation | Wipro Consumer Care , Wipro Enterprises | |
| Oct, 2018 | Amount | Series A - LetsShave | Valuation | Dorco |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LetsShave
LetsShave has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Wipro Enterprises, Wipro Consumer Care and Dorco. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Household durable and personal care products are manufactured by Wipro.
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Founded Year | Domain | Location | |
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Consumer care and infrastructure engineering services are provided globally by Wipro Enterprises.
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Founded Year | Domain | Location | |
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Razors are manufactured under contract by Dorco in South Korea.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LetsShave
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LetsShave
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Letsshave Comparisons
Competitors of LetsShave
LetsShave operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as The Man Company, Bombay Shaving, Mars by GHC, Man Matters and Beardo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category organic grooming products for men are offered online.
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| domain | founded_year | HQ Location |
Online brand offering mens grooming products
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| domain | founded_year | HQ Location |
Platform offering mens hair care, wellness, and medicinal products
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| domain | founded_year | HQ Location |
Internet first brand offering beauty and wellness products for men
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| domain | founded_year | HQ Location |
Men's grooming products are offered online by Beardo.
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| domain | founded_year | HQ Location |
Men's grooming products are offered via an internet-first brand.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Letsshave
Frequently Asked Questions about LetsShave
When was LetsShave founded?
LetsShave was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is LetsShave located?
LetsShave is headquartered in Chandigarh, India.
Who is the current CEO of LetsShave?
Sidharth Shanker Oberoi is the current CEO of LetsShave. They have also founded this company.
Is LetsShave a funded company?
LetsShave is a funded company, having raised a total of $3M across 3 funding rounds to date. The company's 1st funding round was a Series A of $1.11M, raised on Oct 26, 2018.
How many employees does LetsShave have?
As of Apr 07, 2024, the latest employee count at LetsShave is 15.
What is the annual revenue of LetsShave?
Annual revenue of LetsShave is $2.14M as on Mar 31, 2023.
What does LetsShave do?
The company was founded in 2015 in Chandigarh, India, as an internet-first brand in the personal care sector. Subscription-based shaving supplies for men and women are provided, including razors, beard and hair care items, shower and shave care, face and body care products, and accessories. Operations focus on direct-to-consumer sales through its online platform.
Who are the top competitors of LetsShave?
LetsShave's top competitors include Bombay Shaving, The Man Company and Beardo.
What products or services does LetsShave offer?
LetsShave offers Trimmers, Razors, Grooming Kits, and Disposables.
Who are LetsShave's investors?
LetsShave has 3 investors. Key investors include Wipro Enterprises, Wipro Consumer Care, and Dorco.
What is LetsShave's valuation?
The valuation of LetsShave is $8.98M as of May 2023.