Wipro venture arm raises stake in personal care startup LetsShave

Wipro Consumer Care Ventures has picked up an additional stake in Chandigarh-based personal care company LetsShave for an undisclosed amount. Following the latest funding round, Wipro and South Korea-based Dorco, one of the largest razor manufacturers globally, together own a 25% stake in LetsShave. With this investment, the startup has now raised a total of $6 million since its inception.

Talking to ET, the startup’s founder Sidharth Oberoi said that the company planned to use the fresh capital for international expansion, marketing and building inventory. LetsShave also plans to enter offline channels with the new fundraise.