Monday, June 9, 2014

Patni Brothers Announce a Seed Investment in Bombay Shirt Company

Patni Brothers Announce a Seed Investment in Bombay Shirt Company
Amit Patni and Arihant Patni today announced picking upsignificant stake in Mumbai based, Bombay Shirt Company (BSC)-India’s first online custom shirt brand, for an undisclosed amount. Conceived and based in the heart of Mumbai, BSC prides itself on makingwell designed, made-to-measure shirts that are accessible to virtually anyone with an eye for design and creativity.

This seed investment is the latest undertaking from the sons of Mr. Gajendra Patni, who, since their departure from Patni Computers in 2011, have been known to back young entrepreneurs towards making them established players in their space.
Speaking about the investment in BSC, Mr. Amit Patni says, "With BSC, customers are offered a comprehensive solution that not only allows for their own design elements and fabric, but also one that is 100% custom made to suit their exact measurements. The first shirt I purchased from BSC was enough to convince me about the soundness of the business venture.”

Over the past year and a half, BSC has ramped up from being a purely online player to having several brick and mortar touch points. It provides consumers the perfect blend of classic tailoring and contemporary designs by inviting clients to choose from their ready-to-order range or make their shirt from scratch to create a one-of-a-kind custom piece.

Further commenting on the investment from the Patni brothers, and indicating his plans for the futureMr. Akshay Narvekar – co-founder of Bombay Shirt Company says, “When fund raising, it was important for us to find the right investors who had the experience and passion for scaling a business like ours. Our investors, along with their entire investment ecosystem, bring exactly what we need to the table. We’re excited to work together towards taking BSC to greater heights“