Zywie Ventures Private Limited (OZiva) acquired by Hindustan Unilever Limited (HUL)
Hindustan Unilever Limited (HUL) acquired Zywie Ventures Private Limited (OZiva), an Indian wellness supplements brand, on Feb 12, 2026.
Preliminary: The deal type and announcement date are not yet independently verified.
Transaction summary
- Target
- Zywie Ventures Private Limited (OZiva)
- Acquirer
- Hindustan Unilever Limited (HUL)
- Seller
- -
- Announced
- 2026-02-12(unverified)
- Completed
- 2026-02-12
- Geography
- India
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 49%
- First added
- 2026-10-26
- Latest update
- 2026-10-29
Value and multiples
100% enterprise value
INR 17B
100% enterprise value | INR
Basis: Derived from source data
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
Approx. $186M USD using FX date 2026-02-16 at 0.0110 INR/USD.
EV / revenue
3.5x
Period: 2025 Annual Sales (Approximate)
Basis: Estimated
EV / EBITDA
-
EBITDA basis not stated
Basis: Estimated
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: INR 8.2B
HUL paid INR 824 crore for the remaining 49% stake.
Basis
- INR 16.816bn estimated 100% EV / approximately INR 4.8bn of 2025 sales = 3.50x.
Source summary
HUL invests Rs. 824 crores to acquire remaining 49% stake in Zywie Ventures (OZiva)
ConfirmedHUL's release gives the consideration for the remaining 49% and OZiva's approximate 2025 scale; its 6-K confirms the acquisition on 12 February 2026.
Open sourceUnilever 6-K, filed 2026-07-28
Confirmed12 February 2026 HUL acquired the remaining 49 % of Zywie Ventures Private Limited ('OZiva'), a leading plant- based, and clean-label consumer wellness brand focused on the need spaces such as Lifestyle Protein, Hair & Beauty Supplements and Women’s health.
Open sourceHUL invests Rs. 824 crores to acquire remaining 49% stake in Zywie Ventures (OZiva)
ConfirmedThe 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, making OZiva a wholly owned subsidiary of the Company. OZiva 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 last 2 years by developing a winning portfolio and unlocking significant synergies through HUL’s ecosystem.
Open sourceHindustan Unilever to fully acquire clean-label, women’s health firm for US$90M
ConfirmedHindustan Unilever is fully acquiring clean-label protein and women’s health supplements firm OZiva for INR 8.24 billion (US$90.9 million).
Open sourceContinue your research
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