Hindustan Unilever entered the health and well-being category with its recent two investment deals locked on Thursday.
The first investment made is in Zywie Ventures Private Limited., also known as Oziva. Oziva Is a plant-based Indian brand focused on consumer wellness, lifestyle protein, women’s health, and other supplements. Hindustan Unilever acquired 51% of the company’s stake for Rs.264.28 crore. The original owners, Aarti Gill and Mihir Gadani will keep operating in the company, while HNU will take participation in the decision-making process of the company and will provide its support.
The second investment is made in Wellbeing Nutrition. Being founded by Avnish Chhabria in 2018, Wellbeing Nutrition uses plant-based ingredients to ensure the well-being of its consumers. HUL acquired 19.8% stake of the company for Rs. 70 crores.
These transactions will be completed within the period of 1-3months said HUL. The owner of the company will keep operating while HUL will be represented on the board.
