India: Wipro Consumer Care acquires majority stake in Dermatouch
Wipro Consumer Care & Lighting, the Indian consumer goods company, has acquired a 60% stake in science-backed skincare brand Dermatouch for an enterprise value of 387.5 crore INR ($46 million). The remaining 40% will be acquired over the next three years, with the residual transaction linked to Dermatouch’s performance. Founders Anish Nagpal and Amit Purswani, […]
India: Wipro Consumer Care and Lighting acquires personal care brands from VVF
Wipro Consumer Care and Lighting, an Indian personal and household care manufacturer, has acquired soap brands Jo, Doy, and Bacter Shield from Mumbai-based health & beauty firm VVF for an undisclosed sum. Wipro’s acquisition, its third within the space of a year, will reportedly allow it to strengthen its grip in the soap category by […]