HUL picks up 20% stake in Wellbeing Nutrition

Publicly listed Hindustan Unilever Ltd (HUL) is to acquire a 19.8% in Nutritionalab Pvt Ltd (Wellbeing Nutrition) through a combination of primary infusion and secondary buyouts. The Wellbeing Nutrition team led by Avnish Chhabria will continue to run the business. HUL will be represented on the board. Founded in 2019, Wellbeing Nutrition has pioneered disruptive formats in science-backed, benefit-led clean products in Health & Wellbeing. Its product range includes Melts (Oral Thin Strips), Slow (Slow-Release capsules) and Marine Collagen powder focused on need spaces such as Beauty, Everyday Health, Gut Health and Sleep. The firm has a presence in D2C, digital marketplaces and is expanding into offline retail channels.