Amit Patni and Arihant Patni announced picking up significant 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 making well 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.
Amit and Arihant Patni are passionate about backing innovative business ideas that show potential for solid and sustained growth. They have provided angel and seed investments in areas of health care, education, quick service restaurants and apparels amongst others. Having been active members of forums such as Mumbai Angels, Indian Angels and Venture Nursery, since their formative days, the Patni brothers believe in capitalizing on their strengths and nurturing businesses from its early stages.
Speaking about the investment in BSC, Mr. Amit Patni says, “We are excited to announce our investment in BSC and back Akshay Narvekar in his venture. Finding high quality custom tailored shirts at an accessible price point has always been a source of frustration for me. 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."