Hindustan Unilever Limited (HUL) has acquired the remaining 49% stake in ZYWIE VENTURES PRIVATE LIMITED, the parent company of plant-based nutrition brand OZiva, for ₹824 crore. With this transaction, OZiva has become a wholly owned subsidiary of HUL, which is a significant step in strengthening the company’s presence in India’s fast-growing health and wellness segment.
HUL had initially acquired a majority stake in OZiva, recognising the brand’s strong positioning in plant-based nutrition and its growing popularity among health-conscious consumers. OZiva, founded by Aarti Gill and Mihir Gadani (MG) in 2016, has delivered strong performance following HUL’s majority investment of 51% – scaling to approximately Rs. 480 crores in 2025 with a growth of c. 130% CAGR in the last 2 years by developing a winning portfolio and unlocking significant synergies through HUL’s ecosystem.
Priya Nair, CEO and Managing Director, HUL, said: “Health & Wellbeing is an important growth vector for us, driven by rising consumer interest in everyday wellness. By taking full ownership of OZiva, we are doubling down on this exciting space to unlock the next phase of growth. Our decisions today reflect our intent of fewer, bigger bets where we can leverage HUL’s strengths in science, distribution and market development to scale purpose-led brands.”
The Board of Directors of HUL has approved the acquisition of the remaining 49% stake as per the pre-agreed valuation framework, for a consideration of Rs. 824 crores. Moreover, HUL also divests 19.8% holding in Nutritionalab. The Board has approved the sale of its minority stake of 19.8% in Nutritionalab Private Limited to USV PRIVATE LIMITED for a consideration of Rs. 307 crores.
