\n\tUSV, a pharmaceutical and biotechnology company, will acquire a 79 per cent stake in Wellbeing Nutrition at a valuation of \u20b91,583 crore.<\/p>\n
\n\tUSV has signed a definitive agreement to acquire a 79 per cent equity stake in Nutritionalab Pvt Ltd, which owns “Wellbeing Nutrition”, according to a joint statement.<\/p>\n
\n\tThis includes 35 per cent from the founder Avnish Chhabria and 44 per cent from existing shareholders. Its investors — Early backers Fireside Ventures and Hindustan Unilever — will divest their collective 40 per cent stake.<\/p>\n
\n\tThis \u20b91,583 crores all-cash transaction represents the largest exit in India’s health and wellness startup space to date, it added.<\/p>\n
\u00a0<\/p>\n
\n\tThis strategic expansion of USV, a leading player in diabetes and cardiac care, into consumer wellness is aligned with its expansion across the healthcare continuum.<\/p>\n
\n\t“The addition of Wellbeing Nutrition reinforces USV’s evolution into a comprehensive healthcare powerhouse spanning both therapeutic excellence and consumer wellbeing,” it said.<\/p>\n
\n\t“We look forward to unlocking the next phase of growth by leveraging USV’s global capabilities while preserving Wellbeing Nutrition’s core mission of transparent, sustainable, and high-quality nutrition,” USV Managing Director Prashant Tewari said.<\/p>\n
\n\tWellbeing Nutrition has built a good presence supported by its omnichannel presence. The company has witnessed 120 per cent growth in the last 2 years and is poised to cross \u20b9450 crores in revenue by FY’27, the statement claimed.<\/p>\n
\n\tWellbeing Nutrition founder Avnish Chhabria said: “Together, we are committed to shaping a new benchmark for health and wellness, while preserving the integrity, culture, and purpose with which Wellbeing Nutrition was founded.”\u00a0
\n\tThe current management with Saurabh Kapoor (Co-Founder) will continue to operate the business under the oversight of the Board.<\/p>\n
\n\tFounded in 2019, Wellbeing Nutrition has a retail presence in over 6,000 outlets. The brand also has a presence in international markets such as the UAE and Europe.<\/p>\n","protected":false},"excerpt":{"rendered":"
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