Brands
Hindustan Unilever takes full control of Zywie Ventures as OZiva valuation soars
Wellness brand OZiva now fully owned as valuation triples in just three years
MUMBAI: Hindustan Unilever Limited (Hul) has stirred the last ingredient into its wellness mix, securing complete ownership of Zywie Ventures Private Limited. The acquisition makes OZiva, the six-year-old plant-based nutrition brand, a wholly owned Hul subsidiary.
The FMCG giant finalised the deal after acquiring the remaining 49 per cent stake for Rs 824 crore, following its initial 51 per cent purchase in December 2022 for Rs 264 crore. That earlier investment had valued the company at around Rs 518 crore. Today, OZiva’s valuation has soared to nearly Rs 1,682 crore, more than tripling in just over three years.
Founded in 2019, OZiva sells direct-to-consumer health, wellness, skin, and hair nutrition products. Investors including Matrix Partners, Eight Roads Ventures, and Stride Ventures had already poured around $17 million into the company before Hul stepped in.
The brand’s financial performance has been equally robust. Revenue jumped 148 per cent to Rs 258 crore in FY25 from Rs 104 crore the year before, while losses shrank 90 per cent to Rs 4.5 crore from Rs 43.5 crore.
With the acquisition now complete, Hul has successfully folded OZiva into its vast portfolio, marking another milestone in the company’s growth through strategic acquisitions.
Brands
Axis Bank named Official Banking Partner of DP World PGTI
Partnership supports all tournaments this season to grow professional golf in India.
MUMBAI: Axis Bank just teed up a hole-in-one partnership because when a bank sponsors golf’s biggest swing in India, even the fairways feel more financially secure. Axis Bank has been appointed Official Banking Partner of the DP World Professional Golf Tour of India (DP World PGTI), strengthening its commitment to sporting excellence and community engagement while backing the growth of professional golf across the country.
Under the partnership, Axis Bank will support all DP World PGTI tournaments this season, contributing to talent development, enhanced tournament experiences and wider fan engagement. The collaboration aligns the bank’s values of precision, discipline and trust with the Tour’s focus on performance and opportunity.
Axis Bank executive director Munish Sharda said, “We are pleased to partner with DP World PGTI as its Official Banking Partner. Golf embodies precision, discipline, and a pursuit of excellence qualities that strongly reflect who we are at Axis Bank. This association also strengthens our engagement with India’s growing premium customer segments, where the sport has a deep and enduring connect.”
Professional Golf Tour of India president Kapil Dev said, “We are extremely pleased to welcome Axis Bank as a Tour Partner of the DP World Professional Golf Tour of India. Partnerships of this stature play a vital role in strengthening the foundation of the Tour, enhancing opportunities for our players, and expanding the sport’s reach across the country.”
Professional Golf Tour of India CEO Amandeep Johl added, “Axis Bank’s strong legacy of excellence, innovation, and nationwide reach aligns perfectly with DP World PGTI’s goal to elevate professional golf in India and provide greater opportunities for our players.”
In a sport where every stroke counts and every partnership drives distance, Axis Bank isn’t just backing golfers, it’s investing in the fairway to future, turning India’s greens into a stage where precision meets passion and every drive has the power to inspire.
