Marico has signed definitive agreements to acquire 60% stake in Cosmix Wellness, which owns ‘Cosmix’, one of India’s leading digital-first functional wellness brands.
Cosmix offers a range of plant-based protein powders, fermented yeast protein powders, functional superfood blends and has recently launched functional foods like plant-protein pancake mixes and plant-protein bars. The cost of acquisition is Rs 225.67 crore towards acquisition of 60% of Cosmix Wellness’ paid-up share capital.
The said transaction will expand Marico’s presence in premium food and nutrition categories by adding a digital-first functional wellness brand with a distinct and compelling proposition in its portfolio.
Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space.
