Pharmaceutical major USV has acquired a 79% stake in nutraceutical firm Wellbeing Nutrition in an all-cash deal, valuing the company at Rs 1,583 crore, the companies said on Thursday.
Strategic Exits
The transaction marks the exit of early backers Fireside Ventures and Hindustan Unilever (HUL), who collectively hold nearly 40% stake in the company (19.8% each). Wellbeing Nutrition has seen a 120% growth in the last two years and is poised to cross Rs 450 crore in revenue by FY27, it said on Thursday.
In a separate statement, HUL said it had sold its 19.8% stake in Wellbeing Nutrition for Rs 307 crore to USV. The pharma major, meanwhile, has purchased about 35% stake from Chhabria and about 44% from existing shareholders as part of the deal.
Chhabria, who held 50% prior to the transaction, will retain a 15% stake until March 2028, while the current management, with co-founder Saurabh Kapoor, will continue to operate the business under the oversight of the board, the companies said.
Kotak Mahindra Capital acted as the financial adviser to the deal.
Experts say that the acquisition of Wellbeing Nutrition points to a broader shift in India’s nutraceutical market, where scale is increasingly getting tied to science-based credibility.
From Digital-First to Doctor-Led
While Wellbeing Nutrition has strong traction on its proprietary digital platform with diversified nutraceuticals products, USV is expected to leverage the acquisition to evolve into a comprehensive healthcare company.