Dollarshaveclub have been purchased by Unilever for a reported $1BN! Which is pretty good for a company that is not yet profitable.
Dollar Shave Club has become a dominant player in the male grooming sector. Revenue last year was $153M, making this transaction significant in terms of the multiple on earnings (one of the largest in the history of eCommerce startup acquisitions). A significant part of the value to Unilever will be the company’s 3.2 million members.
Dollar Shave Club was most recently valued at just over $600 million when it raised $75 million last summer. The startup has raised more than $160 million in total, from venture capital investors including Venrock, Forerunner Ventures and Pritzker.
Remember that iconic video campaign?