Hindustan Unilever Acquires Remaining OZiva Stake

Hindustan Unilever Limited (HUL) has completed the acquisition of the remaining 49% stake in Hindustan Unilever===OZiva, a plant-based nutrition direct-to-consumer firm, for Rs 824 crore. This transaction makes Hindustan Unilever===OZiva a wholly owned subsidiary of Hindustan Unilever. The deal values Hindustan Unilever===OZiva at approximately Rs 1,682 crore, a more than threefold increase from its valuation in December 2022 when Hindustan Unilever first acquired a 51% stake. Hindustan Unilever===OZiva, founded in 2019, sells plant-based nutrition products across various wellness categories and had previously raised about $17 million from investors like Matrix Partners, Eight Roads Ventures, and Stride Ventures. The acquisition follows a significant improvement in Hindustan Unilever===OZiva's financial performance, with revenue surging 148% to Rs 258 crore in FY25 and losses declining 90% to Rs 4.5 crore. This acquisition is part of Hindustan Unilever's strategy to expand its presence in the rapidly growing wellness and nutrition segment, aligning with broader consolidation trends in the Indian D2C market.