Zlade Partners With European Giant BIC, Seals Funding Worth $1.5 M

Mihir Vaidya, Cofounder, Zlade

Zlade, a home-grown digitally native, omnichannel personal care brand that has been on a rapid rise in this industry, has inked an exclusive partnership with BIC, a leading manufacturer of shavers and razor blades to introduce a complete portfolio of men’s and women’s shaving razors to India. With over 75 years of experience in the industry, BIC as an industry veteran will lend its manufacturing expertise to Zlade in a bid to offer superior quality smart shaving solutions.

Zlade has also raised a round of funding from multiple family offices, including Shivanssh Holdings (Vikas Poddar Family Office) and Amit Kalyani, amounting to $1.5 million. The brand is also in advanced talks to raise another $1.5 mn in equity funding from marquee investors and family offices.

According to IMARC, India is one of the fastest growing markets for men’s grooming products. It was valued at $ 1.86 billion in 2021 and has a projected CAGR of 7.93 per cent during 2022-2027. Zlade seeks to capitalize on this booming trend with its consumer-first approach and offers high-quality products at competitive prices compared to other leading brands in the segment.

Speaking about this partnership, Thomas Brette, BIC Group Partnerships and New Business Officer said, “Our partnership with Zlade is part of the business-to-business strategy for our Blade Excellence division. Zlade is on a strong growth trajectory. Its founders have built a team with a solid focus on resolving consumer pain points and we are excited to support with our blade innovation and manufacturing expertise.”

“We are delighted to joined hands with BIC. As a pioneer in the men’s grooming segment in India, we are singularly focused on building a brand that owns the men’s shaving and intimate grooming space. Over the past 4 years, it has been our constant endeavour to align with the right partner for getting superior quality razors to the Indian consumer at the right price. As we boost our operations by building an omni-channel presence, we needed the support of a legacy brand that could guide us on scaling up our capabilities,” said Mihir Vaidya, Co-founder and Co-CEO of Zlade.

Sharing his thoughts on the recent developments, Amit Kalyani, Bharat Forge, congratulated the team and said, “Zlade is a technologically innovative company and I am happy to be a part of their journey. I have known the founders for a long time.”

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