Men’s Grooming Startup Manscaped Is Said to Explore Options (1)

Manscaped, a startup that makes men’s grooming products, is exploring options including a potential sale or fundraising that could value it at more than $500 million, according to people with knowledge of the matter.

The company is working with an adviser, said the people, who asked not to be identified because the matter is private. One of the people familiar with the matter said the company could fetch a valuation of more than $700 million.

The company is generating about $100 million in annual sales, one of the people said.

“We continue our steadfast focus on maintaining the growth and ...