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
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- 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.
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.
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.
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Household durable and personal care products are manufactured by Wipro.
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Consumer care and infrastructure engineering services are provided globally by Wipro Enterprises.
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Razors are manufactured under contract by Dorco in South Korea.
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Investor details for LetsShave
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Investments & Acquisitions by LetsShave
Investment portfolio details for LetsShave
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- Transaction dates
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Financial Statements - LetsShave
Detailed financials for LetsShave
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Letsshave Comparisons
Peer comparison for LetsShave
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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.
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Multi-category organic grooming products for men are offered online.
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Online brand offering mens grooming products
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Platform offering mens hair care, wellness, and medicinal products
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Internet first brand offering beauty and wellness products for men
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Men's grooming products are offered online by Beardo.
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Men's grooming products are offered via an internet-first brand.
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Detailed competitors of LetsShave
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- Domains and locations
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Latest news on Letsshave
Complete news archive for LetsShave
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Frequently Asked Questions about LetsShave
LetsShave was founded in 2015 and raised its 1st funding round 3 years after it was founded.
LetsShave is headquartered in Chandigarh, India.
Sidharth Shanker Oberoi is the current CEO of LetsShave. They have also founded this company.
LetsShave is a funded company, having raised a total of $3M across 3 funding rounds to date.
As of Apr 07, 2024, the latest employee count at LetsShave is 15.
Annual revenue of LetsShave is $2.14M as on Mar 31, 2023.
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.
LetsShave's top competitors include Bombay Shaving, The Man Company and Beardo.
LetsShave offers Trimmers, Razors, Grooming Kits, and Disposables.
LetsShave has 3 investors. Key investors include Wipro Enterprises, Wipro Consumer Care, and Dorco.
The valuation of LetsShave is $8.98M as of May 2023.