HUL Acquires D2C Brands OZiva, Wellbeing Nutrition
Hindustan Unilever Ltd. is set to expand its nutrition as well as beauty and personal care businesses with two new acquisitions. The country's largest fast-moving consumer goods maker has cumulatively invested Rs 334 crore in two digital-first start-ups—OZiva and Wellbeing Nutrition, it said in an exchange filing on Thursday. This marks its foray into the Rs 30,000 crore health and wellness market that is "fast-evolving" post the pandemic.
Source: bqprime.com