Nourish You expands portfolio with acquisition One Good
Source: The DairyNews
In a significant move within India's thriving plant-based foods sector, Hyderabad-based superfoods brand Nourish You has successfully acquired a 100% stake in Bengaluru's esteemed vegan dairy player, One Good.
This strategic acquisition, accomplished through a share swap, marks one of the largest M&A deals in the country's rapidly growing plant-based ecosystem.
The deal includes a unique arrangement where the founders of One Good will receive a minority stake in Nourish You. Following this acquisition, Nourish You sets its sights on a substantial Rs 50-60 crore fundraise through a Series-A round, anticipated to conclude by June 2024. The move underscores Nourish You's commitment to diversifying its offerings and strengthening its position as a key player in the ever-expanding world of superfoods.
The deal includes a unique arrangement where the founders of One Good will receive a minority stake in Nourish You. Following this acquisition, Nourish You sets its sights on a substantial Rs 50-60 crore fundraise through a Series-A round, anticipated to conclude by June 2024. The move underscores Nourish You's commitment to diversifying its offerings and strengthening its position as a key player in the ever-expanding world of superfoods.
