USV buys parent co of Wellbeing for Rs 1600 crore – The Times of India
NEW DELHI: Drug firm USV will acquire a majority stake in Nutritionalab, the parent company of Wellbeing Nutrition, for nearly Rs 1600 crore, expanding its footprint in the domestic high-growth D2C (direct to consumer) nutraceutical market.USV will acquire around 79% stake in an all-cash deal for Rs 1,583 crore, which includes 35% from the founder,…
