Nourish You, the Indian “superfood” company, has announced the acquisition of dairy alternative specialist One Good for an undisclosed sum, expanding its footprint in the vegan category.
Founded in 2016 under the name Goodmylk, One Good offers a variety of vegan dairy alternative products including milk, cheese, chocolate, curd, ghee and butter. It has manufacturing plants in Bengaluru, Mumbai and Delhi with capacity for 150 tons per month, of which 30% is currently utilised. Among the brands in its portfolio are Pro2fit, Angelo Vegan Cheese, and Katharos Cheese.
Nourish You delivers nutrient-rich breakfast foods and snacks to consumers through its website and other e-commerce channels.
Commenting on the acquisition, Nourish You co-founder Krishna Reddy said: “From introducing India to the power of superfoods and now acquiring One Good, Nourish You evolves from being a superfood brand to a plant-based brand, embracing a more inclusive vision”.
“It also reinforces our commitment to make healthy, flavorful plant-based foods, affordable and accessible”, he added.
Abhay Rangan, CEO and co-founder of One Good, said: “Our journey towards creating One Good was ignited by a passion for animal rights and a dedication to accessible and affordable plant-based alternatives for all. We are excited about being a part of Nourish You’s incredible platform and leveraging their scale and operational excellence to build India’s biggest plant-based dairy company”.
Source: Economic Times / Media Brief