Private Equity Liquidity Events
Marico acquires majority stake in health food brand True Elements
Publicly-listed Marico Ltd has acquired 53.98% stake in Pune-based HW Wellness Solutions Pvt Ltd, a 'digital first' brand in the healthy breakfast and snack segment which operates under the brand name "True Elements".
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between Dec-17 and Kan-21, True Elements had raised over USD 2 M from SIDBI VC, RPG Ventures, others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)