The FMCG giant Hindustan Unilever Limited (HUL) has forayed into the health and well-being industry in India which is forecast to reach nearly $16 billion dollars by 2023. HUL will invest in Zywie Ventures Private Limited which is the parent company OZiva- a plant-based, and clean-label consumer wellness brand focused on the need spaces such as Lifestyle Protein, Hair & Beauty Supplements and Women’s health. Reportedly, HUl will acquire 51 pc equity stake through a combination of primary infusion and secondary buyouts. The balance 49 pc will be acquired at the end of 36 months.
HUL will acquire 19.8 pc in Wellbeing Nutrition which deals with science-backed, benefit-led clean products in Health & Wellbeing. The stake in the company will be acquired through a combination of primary infusion and secondary buyouts.
According to, both the transactions which will be subject to customary closing conditions will be completed in the next 1-3 months.
