Hindustan Unilever (HUL) announced that it is buying the remaining 49% stake in Zywie Ventures (OZiva) for Rs 824 crore in cash, while selling its entire 19.8% holding in Nutritionalab, which owns Wellbeing Nutrition, to USV for Rs 307 crore, according to the company’s regulatory filing with the exchanges.
HUL to fully acquire OZiva for Rs 824 crore
In its disclosure to the stock exchanges, HUL said its board has approved the acquisition of the balance 49% stake in Zywie for a cash consideration of Rs 824 crore, in line with the terms of the Share Subscription and Share Purchase Agreement dated 8 December 2022.
Following the transaction, Zywie (and its wholly-owned subsidiary Zenherb Labs) will become wholly-owned subsidiaries of HUL, the company said.
HUL’s filing notes that Zywie, incorporated in 2013, operates in health and wellbeing (vitamins, minerals and supplements) as well as beauty and personal care, and also sells protein products, with its business primarily focused in India. The company also disclosed Zywie’s turnover from operations at Rs 257.67 crore in FY25, compared to Rs 103.72 crore in FY24 and Rs 100.07 crore in FY23.
HUL sells 19.8% in Nutritionalab to USV for Rs 307 crore
Alongside the OZiva deal, HUL said it has approved the sale of its entire 19.8% shareholding in Nutritionalab to USV for Rs 307 crore, subject to customary closing adjustments.
In the disclosure, HUL said Nutritionalab’s revenue from operations for FY25 was Rs 118.48 crore, and that the company was classified as a joint venture and accounted for using the equity method under Ind AS. Under the equity method, Nutritionalab’s revenue is not recognised in HUL’s consolidated results, it added.
HUL also stated that the buyer entity, USV, does not belong to the promoter or promoter group of HUL, as per the filing.
USV buys into Wellbeing Nutrition at Rs 1,583-crore valuation
USV’s acquisition of a majority stake in Wellbeing Nutrition comes through its purchase of a 79% stake in Nutritionalab, PTI reported earlier on Wednesday.
According to PTI, USV has signed a definitive agreement to acquire 79% equity in Nutritionalab, including 35% from founder Avnish Chhabria and 44% from existing shareholders.PTI said the transaction values Wellbeing Nutrition at Rs 1,583 crore, and described it as the largest exit in India’s health and wellness startup space to date.
Both deals expected to close by March 2026
HUL said both transactions are subject to completion terms and conditions and are expected to close by 31 March 2026, subject to any extensions under the definitive documents.
In its press release, HUL framed the moves as part of its broader push in the health and wellbeing category since 2023, noting that OZiva scaled to approximately Rs 480 crore in 2025 following HUL’s majority investment of 51%.
“Health & Wellbeing is an important growth vector for us, driven by rising consumer interest in everyday wellness. By taking full ownership of OZiva, we are doubling down on this exciting space to unlock the next phase of growth,” Priya Nair, CEO and Managing Director of HUL, said.