Jubilant Foodworks acquires 25% stake in nutrition company Wellversed

By Gaurav Grover | Sep 24, 2021

Share

Jubilant Foodworks Ltd (JFL), the operator of quick-service restaurants and a major franchise of brands such as Domino's Pizza and Dunkin 'Donuts, said on Thursday that it has acquired a 25 percent stake in Gurugram-based nutrition company Wellversed Health.

JFL said in a regulatory update that the company will invest Rs 10 crore in Wellversed in two tranches.

The first tranche of Rs 6.5 crore will be invested on the closing date as specified in the share subscription agreement, while the second tranche of Rs 3.5 crore will be invested nine months after the disbursement of the first tranche.

"This will be a company investment in Wellversed, a nutrition company that offers a variety of nutritional products tailored to specific nutritional and dietary needs, including keto, gluten-free, vegan, high-protein, diabetic, and immune," said JFL.

Net revenue of Wellversed in 2019-20 was Rs 4.89 crore.

Also Read: Oyo likely to file for 8,000 crore IPO next week 

Comments

Recently Post

India’s Largest Unicorn Startups in 2025: Rankings, Valuations, and Trends

Swiggy Launches Toing App in Pune to Serve Affordable Food Delivery — What It Means for the Market

Trending Startup Ideas for 2025: Where Innovation Meets Opportunity

19 Best Business Ideas to Start in India 2025: From Low Investment to High Demand

Razorpay Business Model Explained: How the Fintech Giant Makes Money in India

How CRED Reimagined Credit Card Rewards into a Billion-Dollar Fintech Empire

10 Successful Shark Tank India Brands Powered by Unicommerce