Wipro venture arm bets on shaving startup

Date posted: Thursday 27 February 2020

Wipro Consumer Care Ventures, the venture capital fund of Wipro Consumer Care and Lighting, has acquired minority stake in personal care company LetsShave for an undisclosed amount. Existing investor Dorco, one of the largest razor manufacturers globally, has also increased its stake to 15% from 10% in the current investment round. “We plan to rapidly expand our newly launched portfolio of Shower, Beard, Body & Electric trimmers to focus on becoming a one-stop grooming solution for men and women,” Sidharth Oberoi, founder and CEO, LetsShave told.

(ET Tech)