India: Hindustan Unilever to invest in health & wellbeing category

Hindustan Unilever (HUL), a subsidiary of the multinational consumer goods giant Unilever, has entered the health & wellbeing category through strategic investments in Zywie Ventures Private Limited (OZiva) and Nutritionalab Private Limited (Wellbeing Nutrition).

OZina is a plant-based and clean label consumer wellness brand focused on lifestyle protein, hair & beauty supplements and women’s health. Wellbeing Nutrition is focused on need spaces such as beauty, everyday health, gut health, and sleep.

“We are delighted to welcome OZiva and Wellbeing Nutrition to the HUL family and our portfolio of purpose-led brands. These strategic investments give us an entry into the fast-growing Health & Wellbeing category. They align strongly with our mission to improve the health and wellbeing of consumers and empower people to take charge of their health through solutions that they can trust. I strongly believe that HUL is well-positioned to support further scale-up of these businesses through our R&D, Market Development, Distribution capabilities and Unilever’s global Health & Wellbeing expertise,” commented Sanjiv Mehta, CEO and managing director at HUL.

Transactions are expected to be complete in the next 1 to 3 months, subject to customary closing conditions.

Source: HUL