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Jubilant Foodworks acquires 25% stake in nutrition company Wellversed

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.

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