• About
  • Contact
Tuesday, May 17, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Jubilant Foodworks acquires 25% stake in nutrition company Wellversed

Anshumaan Vishnu by Anshumaan Vishnu
October 7, 2021
in News
Reading Time: 1 min read
A A
0
Yuvraj singh with wellversed founders

Domino’s Pizza’s parent Noida-based firm Jubilant Foodworks took a 25.02% stake in dietary products and nutritional supplement producer Wellversed Health, the acquirer declared in a regulatory filing with the Bombay Stock Exchange (BSE). The all-cash transaction worth Rs 10 crores would take a spot in two tranches of Rs 6.5 crore and Rs 3.5 crore sequentially.

Under the terms of the contract, Jubilant will have the power to nominate one non-retiring director and observer on the Wellversed board.

“This investment reflects the Company’s intent of making strategic investments in promising start-ups and emerging businesses and is in line with the stated goal of building a multi-brand and multi-country food business powered by technology,” Jubilant Foodworks mentioned in the filing.

According to reports, the Indian Dietary Supplement Market was valued at $3924.44 Million in FY2020 and is foretold to grow at CAGR of 17.28% until FY2026, to reach $10,198.57 Million by FY2026.

Jubilantbig

Wellversed Health is a Gurugram-based direct-to-consumer (D2C) brand, which trades vegan and keto-friendly products including atta, sweeteners, cookies, and spices, etc.

The startup was established in 2018 by Aanan Khurma, who was first a product manager at 1MG (now taken by Tata), NIT graduate Ripunjay Chachan, and Aditya Seth.

After the pandemic, D2C startups have continued seeing a significant boom as customers shifted online for entertainment, education, and shopping. This drove the exploration of many modern brands. D2C startups — including Sequoia-backed Mamaearth, Elevation Capital-backed SUGAR Cosmetics; and saw their revenue and valuations hike during this period.

Tags: Jubilant FoodworksWellversed Health
Previous Post

OYO may file for a $1 billion IPO next week

Next Post

Canva Co-founder Melanie Perkins became World’s Richest Self-made Female Billionaire

Anshumaan Vishnu

Anshumaan Vishnu

An entrepreneur and writer who prefers to create content around startups, entrepreneurship and digital marketing. To talk more like this idea, connect on LinkedIn.

Related Posts

Smytten Founders
News

D2C Sampling Startup Smytten Raises Rs 100 Crore in Pre-Series B Led By Fireside Ventures

May 17, 2022
paytm mall
News

Jack Ma Exits Paytm Mall, Sells 43% For Rs 42 Crore Valuation Down To Rs 100 Crore

May 17, 2022
Zerodha Team
News

After Meesho, Nearly 950 of Zerodha’s 1100 Employees Will Work From Home Permanently

May 16, 2022
Elon Musk Twitter
News

Elon Musk Puts On Hold $44 Billion Twitter Acquisition Deal

May 13, 2022
Dineout Founders
Food

Swiggy Acquires Times Internet Backed Dineout For $200 Million

May 13, 2022
Ather Founder
News

Ather Energy Raises $128 Million Investment Led By Hero MotoCorp, India’s Sovereign Wealth Fund

May 12, 2022
Next Post
Melanie Perkins Canva Cofounder

Canva Co-founder Melanie Perkins became World's Richest Self-made Female Billionaire

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple brand story BYJU Ravindran Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding Good Glamm Group google Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Mukesh Ambani Netflix NFT NFT Collection Non Fungible Tokens OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india Startups startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad YouTube Zomato Zomato App

Instagram

Follow Me!

Recent News

  • D2C Sampling Startup Smytten Raises Rs 100 Crore in Pre-Series B Led By Fireside Ventures
  • Jack Ma Exits Paytm Mall, Sells 43% For Rs 42 Crore Valuation Down To Rs 100 Crore
  • After Meesho, Nearly 950 of Zerodha’s 1100 Employees Will Work From Home Permanently

Latest News

Smytten Founders

D2C Sampling Startup Smytten Raises Rs 100 Crore in Pre-Series B Led By Fireside Ventures

May 17, 2022
paytm mall

Jack Ma Exits Paytm Mall, Sells 43% For Rs 42 Crore Valuation Down To Rs 100 Crore

May 17, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.