Two such companies are Dollar Shave Club and Harry's. Dollar Shave Club offers monthly subscriptions for shaving products, ranging from $1 to $9 a month. Its most popular plan is $6 a month. In October, the company raised $12 million in private-equity funding. At the time, it had 330,000 subscribers.
The company was started in 2012 and became a sensation on Google's (GOOG) YouTube with videos of CEO Michael Durbin doing wacky things such as dancing with a bear and with its motto, "Our blades are f--- great."
Harry's was started in March of last year by Jeffrey Reider, who was also a co-founder of Warby Parker, an eyeglass retailer founded in 2010. In January, Harry's bought a factory in Germany to increase its production capacity.
In its first nine months, Harry's sold more than 100,000 shaving kits, which consist of a razor, shaving cream and a set of blades. Harry's has a $10 Truman razor and a $20 Winston. The company sells cartridges for $1.88 each.
Harry's also offers a subscription model. The auto refill offer costs $31 for every two months.
Meanwhile, Gillette is introducing a higher cost razor called ProGlide FlexBall, which is designed to shave more precisely. The razor will cost $11.49 to $12.59.