HUL enters the health and wellbeing market with the acquisitions of Oziva and Wellbeing Nutrition

Recently, Hindustan Unilever Limited (HUL) stated that it would enter the “Health and well-being” market by making significant investments in Nutritionalab’s Wellbeing Nutrition and Zywie Ventures’ OZiva.
HUL will obtain a 51% equity stake in OZiva through a combination of primary infusion and secondary buyouts. At the conclusion of 36 months, the remaining 49% will be acquired based on previously agreed-upon valuation standards.
The current OZiva team, led by Aarti Gill and Mihir Gadani, will continue to operate all functions of the business. HUL will have a representative on the board and will offer the skills and assistance required to scale up.
HUL will combine primary infusions and secondary buyouts to obtain a 19.8% ownership share in Wellbeing Nutrition. All business operations will continue to be handled by the current Wellbeing Nutrition team, which is currently overseen by Avnish Chhabria. On the board, HUL will be represented.
Subject to the usual closing conditions, both of these transactions are anticipated to close in the following one to three months.
Through a combination of main infusions and secondary buyouts, HUL will acquire a 19.8 percent equity holding in Wellbeing Nutrition. All business operations will still be carried out by the present Wellbeing Nutrition team under the direction of Avnish Chhabria. The board will have a representative from HUL.
Subject to typical closing conditions, both of these deals should be completed within the next one to three months.