Food products with health additives see uptick in demand as second COVID-19 wave surges
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Since April 2020, the sector has seen a surge in demand for products including those related to digestive health, sleep and stress, said industry executives.
With Covid cases surging across the country, nutraceuticals or food products containing health-giving additives are witnessing a sharp uptick in demand and some companies are expecting up to fourfold growth in this financial year.
“Overall demand for nutraceutical, supplement, and preventive wellness products from the top four metros has seen remarkable growth,” said Sanjaya Mariwala, president of the Association of Herbal and Nutraceuticals Manufacturers of India.
OmniActive Co-founder Exits Following Company Valuation Upwards of $250 million
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Hiren Doshi, Co-founder, OmniActive Health Technologies
Hiren’s leadership of our global business development effort was outstanding. MORRISTOWN, N.J. (PRWEB) January 18, 2021 Leading global private equity firm TA Associates has announced the acquisition of a significant stake in Mumbai-based OmniActive Health Technologies. Co-founder Hiren Doshi along with other investors will exit.
Industry veteran Hiren Doshi played a pivotal role in establishing OmniActive’s dominant presence in the global supply marketplace. He has been co-founder, President and Board Member since 2004 and helped take the company from concept to a global enterprise with nearly 500 employees. As part of the TA transaction, Doshi formally exits OmniActive and sells his shares.
OmniActive Health Technologies Announces Strategic Investment from TA Associates to Accelerate Global Growth
Tuesday, January 12, 2021 11:00AM IST (5:30AM GMT)
Morristown, N.J., United States & Mumbai, Maharashtra, India:
OmniActive Health Technologies (“OmniActive” or “the Company”), which offers a wide range of premium, scientifically-validated, natural nutraceutical ingredients, today announced that TA Associates, a leading global growth private equity firm, has acquired a significant stake in the Company, while Founder and Executive Chairman Sanjaya Mariwala has further increased his personal holding. Financial terms of the transaction were not disclosed.
Established in 2005, OmniActive seeks to improve lives by enhancing nutrition and wellness through science and innovation. A leader in health solutions, the Company offers a range of premium natural ingredients that are innovative and scientif