Founders of Happypo create exit
Razor Group snaps up the company, which was founded in 2017. Founder Oliver Elsoud remains loyal to his company and goes along.
Almost four years ago, the start-up Happypo stood in front of the jury of the Vox show "Die Höhle der Löwen" and convinced Dagmar Wöhrl: She invested 125,000 euros and got 25 percent of the company in return. Now it has been announced that Happypo is going 100 percent to Razor Group, a German Amazon shop operator.
Wöhrl confirmed the report of the exit on her Instagram profile, saying, "Together with the founders of @happypo.de, we sold the successful startup to Razor Group! The entire #familybusiness is proud of you!" Nothing is known about an exact sum, but according to media reports it is a seven-figure sum.
Frank Schmischke and Oliver Elsoud founded Happypo in 2017, the same year they were on "Die Höhle der Löwen". The start-up, based in Troisdorf near Cologne, offers a bidet for the home: The handheld shower replaces toilet paper and is thus supposed to be an environmentally friendly alternative.
"The sales process was extremely fast, transparent and honest," says co-founder Oliver Elsoud, who follows his start-up to Razor Group as brand manager. "We are happy with his decision to stay on board and continue to support Razor and Happypo," says Razor's Christoph Felix Gamon.
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