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CAM acts on Colgate-Palmolive 1st India investment in Rajaram-client Bombay Shaving Co for $2.6m

Colgate-Palmolive, via its Hong Kong arm, has made its first India venture capital (VC) investment, with an Rs 18 crore ($2.6m) buy of 14% in men’s grooming firm Bombay Shaving Company, reported the Economic Times.

Rajaram Legal advised Bombay Shaving Company led by managing partner Archana Rajaram and principal associate Prasad Subramanyan, according to the firm’s press release.

Cyril Amarchand Mangaldas advised Colgate-Palmolive led by partners Ravi Kumar and Manita Doshi, principal associate Nandini Gangal and associate Sakshi Sejwal.

IC Universal Legal advised existing investor Fireside Ventures led by partner Souvik Roy.

The Bombay Shaving Company was founded in 2016 and offers subscriptions to men’s grooming products, mirroring the US-based Dollar Shave Club that was bought by Unilever in 2016 for around $1bn.

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Like +0 Object -8 say wat? 31 Aug 18, 17:24
CAM is reporting deals with value of 2.5 million? I know start ups who would be embarrassed to report such trivial deals. Desperate times call for desperate measures, I assume
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Like +13 Object -0 kianganz 31 Aug 18, 17:28  interesting  top rated
The press release actually came from Rajaram, as was mentioned in the story :)

But in any case, I think in general scoffing at deal sizes is a bit ridiculous. Even a $2.5m VC investment could end up being pretty important for law firms if the client becomes a huge company down the line or if Colgate-Palmolive does regular deals in India.

Plus, it's not like a $2.5m deal doesn't need documentation and all the other trappings (even if fees are maybe a bit lower).
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Like +1 Object -0 Lexpert 03 Sep 18, 11:32
Agree with Kian. The real question is why did CAM staff this deal with 2 partners, 1 PA and 1 associate? The benches are full..
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Like +1 Object -0 HaaChoo 31 Aug 18, 19:07
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Like +1 Object -0 Ifs and buts 31 Aug 18, 22:45
If ifs and buts were candy and nuts, we would all be having a merry Christmas!
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