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Dollar Shave Club, Inc. [2] is an American company based in Venice, California, that delivers razors and other personal grooming products to customers by mail. [3] It delivers razor blades on a monthly basis and offers additional grooming products for home delivery.
In 2011, Dollar Shave Club launched with investments from Science Inc. Science was Dollar Shave Club’s first investor, before the startup raised a $1 million seed round in March 2012. [ 15 ]
Unilever bought the United States–based startup company Dollar Shave Club for a reported $1b (£764m) to compete in the male grooming market. [60] On 16 August 2016, Unilever acquired Blueair, a supplier of mobile indoor air purification technologies. [61] In September 2016, Unilever acquired Seventh Generation Inc. for $700 million. [62]
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To hear Michael Dubin tell it, the business plan was ludicrously simple. Frustrated by the high price of razor blades, he set out to reinvent men's shopping experience by offering quality razors ...
Another significant final valuation of start-ups is when a much larger company buys out a company, giving it that valuation; some examples are Unilever buying Dollar Shave Club and Facebook buying Instagram for $1 billion each, effectively turning Dollar Shave Club and Instagram into unicorns. [26] [27]
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