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Wipro Consumer Care Ventures Buys LetsShave Minority Stake

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India-based LetsShave, a subscription service, recently raised more than Rs 30 crore following Wipro Consumer Care Ventures acquiring a minority stake in the business.

Wipro Consumer Care Ventures has acquired a minority stake in LetsShave, raising the company more than Rs 30 crore, according to The Economic Times, India Times.

“We plan to rapidly expand our newly launched portfolio of shower, beard, body and electric trimmers to focus on becoming a one-stop grooming solution for men and women,” LetsShave CEO Sidharth Oberoi LetsShave told The Economic Times, India Times. “While expanding across online channels, we also plan to leverage our investors to enter offline channels and target B2B and B2C channels.”

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