USV acquires a significant majority stake in Wellbeing Nutrition, valuing the company at Rs 1,583 crore
Marking a strategic expansion into India’s fast-growing nutraceutical and consumer wellness space, USV has signed a definitive agreement to acquire 79 per cent equity stake in Nutritionalab (Wellbeing Nutrition).
USV will acquire an 79 per cent stake, which includes around 35 per cent from the founder, Avnish Chhabria and around 44 per cent from existing shareholders. Early backers Fireside Ventures and Hindustan Unilever will divest their collective 40 per cent stake.
Founder Avnish Chhabria held around 50 per cent prior to the transaction and will rollover to retain stake until March 2028. The current management with Saurabh Kapoor (Co-founder) will continue to operate the business under the oversight of the board.
“This acquisition dovetails strongly with our strategy to build a future-facing healthcare portfolio that responds to the changing aspirations of Indian consumers. We look forward to unlocking the next phase of growth by leveraging USV’s global capabilities while preserving Wellbeing Nutrition’s core mission of transparent, sustainable, and high-quality nutrition,” stated Prashant Tewari, Managing Director, USV.
As a player in diabetes and cardiac care, USV is also advancing its next phase of growth with plans to enter the innovative GLP-1 therapy segment upon loss of exclusivity, under its upcoming brand usema. Together with the addition of Wellbeing Nutrition, this reinforces USV’s aim of offering comprehensive solutions spanning advanced therapeutic interventions to preventive and lifestyle-focused wellness.
“This partnership with USV is a natural alignment of values, philosophy, and long-term intent. In USV, we have found a new home that understands the importance of scientific rigor, patient capital, and building enduring institutions. Together, we are committed to shaping a new benchmark for health and wellness, while preserving the integrity, culture, and purpose with which Wellbeing Nutrition was founded,” highlighted Avnish Chhabria, Founder and Chief Executive Officer (CEO), Wellbeing Nutrition.
Wellbeing Nutrition is expected to close FY26 with net revenues of over Rs 260 crore, having grown from Rs 42 crore in FY23, thereby tracking a strong growth trajectory of over 120 per cent on-year in FY26 alone. The company has raised cumulative equity capital of only Rs 100 crore to date.
