USV to Acquire 79% of Wellbeing Nutrition in Rs 1,583 Crore All-Cash Deal

Overview

• USV is buying the stake for cash at a Rs 1,583 crore valuation, acquiring about 35% from founder Avnish Chhabria and roughly 44% from other shareholders.
• Early investors Hindustan Unilever and Fireside Ventures have fully exited; reports cite approximate returns of 5x for HUL and 15x for Fireside.
• Chhabria will retain a minority stake until March 2028 and current management remains under USV board oversight, with reports differing on the exact retained percentage.
• The companies say they plan to enter GLP-1-linked weight-loss care, including work on oral delivery mechanisms and clinical-grade proteins to address muscle loss, with launches targeted in 12–18 months.
• USV aims to scale doctor-led sales using its medical representative network as Wellbeing targets revenue above Rs 260 crore in FY26 and Rs 400–450 crore in FY27; Kotak Mahindra Capital advised the sellers.