The investment will help Bombay Shaving Company scale its operations and access lead investor Reckitt Benckiser's global scale, expertise, and mentorship.
Startups and investors are jumping in on the race to digitize mom-and-pop shops in Vietnam, and Klook has raised US$200 million to develop its merchant software-as-a-service solutions.
This comes after reports that the fintech giant is looking to raise funds for potential fines and restructuring costs following its halted IPO last year.