Liquidity Events
HUL acquires 51% stake in nutraceutical brand Oziva for Rs.264-Cr
Publicly listed FMCG giant Hindustan Unilever Ltd (HUL) is to acquire a 51% equity stake through a combination of primary infusion and secondary buyouts for INR 264.28 crore in Zywie Ventures Pvt Ltd, which sells plant-based nutraceutical products under the brand OZiva. The balance 49% will be acquired at the end of 36 months based on pre-agreed valuation criteria. The OZiva team led by Aarti Gill and Mihir Gadani will continue to run the business. Launched in 2016, OZiva is a plant-based consumer wellness brand in spaces such as Lifestyle Protein, Hair & Beauty Supplements and Women's health. A digital-first brand, it sells products on its website (D2C), digital marketplaces, as well as in offline stores. Zywie Ventures reported a turnover from operations of INR 124.17 crore for FY22 (vs INR 72.11 Cr in FY21).
From the Venture Intelligence PE-VC Deal Database: Between 2020 and 2021, Oziva had raised over USD 17 M from Matrix Partners India and Eight Roads Ventures. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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