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HUL Acquires Stakes In OZiva, Wellbeing Nutrition To Bolster Health & Wellness Play

Inc42 LogoInc421 mo ago

HUL Acquires Stakes In OZiva, Wellbeing Nutrition To Bolster Health & Wellness Play - Inc42

Quick Summary:

It will initially acquire a 51% equity stake in the startup through a combination of primary infusion and secondary buyouts and will acquire the balance 49% at the end of 36 months based on pre-agreed valuation.

On the other hand, Wellbeing Nutrition was founded in 2019 by Avnish Chhabria.

Late last month, pharmaceutical giant Mankind acquired a majority stake in D2C wellness brand Upakarma Ayurveda for an undisclosed amount.


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Article Details

Author / Journalist: Chetan Thathoo

Category: Startups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-09 @ 02:00:45 (1 months ago)

News Timezone: GMT +5:00

Ranking: #1058 (out of 8305 stories this day)

News Source URL: inc42.com

Language: English

Article Length: 742 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Inc42

News ID: 2254203

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About Inc42

Inc42 Logo

Main Topics: StartupsBusiness

Official Website: inc42.com

Update Frequency: 7 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #52

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The story "HUL Acquires Stakes In OZiva, Wellbeing Nutrition To Bolster Health & Wellness Play" was covered 1 months ago by Inc42, a news publisher based in India.

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