Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
FMCG firm Wipro Consumer Care and Lighting on Monday said its venture capital arm has invested in healthcare brand Onelife Nutriscience.
The company, however, did not disclose the financial details of the transaction.
"Onelife Nutriscience, which owns the consumer healthcare brand Onelife has raised funding from Wipro Consumer Care - Ventures, the venture capital arm of Wipro Consumer Care and Lighting. Onelife has a diverse set of offerings focusing on wellness, immunity and overall Nutraceutical segment," Wipro Consumer Care and Lighting said in a statement.
Onelife Nutriscience was founded in 2019 by Gaurav Aggarwal, who has over 20 years of experience in the nutrition industry.
Onelife Nutriscience plans to use the funds for its next level of growth.
"We look forward to working closely with Wipro over the coming years as we build Onelife into a formidable player in the nutrition and wellness space.
"Their backing is a great value addition to our growth plans in India as well as globally. The nutraceuticals industry is looking at growing exponentially, and we are excited to increase our market presence through innovative products," said Aggarwal.
Sumit Keshan, Managing Partner, Wipro Consumer Care – Venture, said Onelife has robust R&D capability, strong product knowledge, and a mature and passionate team.
"Health and immunity are on top of every consumer's mind today. They are increasingly getting conscious of the benefits of preventive health too. These offer immense growth potential for the company, and Onelife intends to address all these requirements of consumers in a holistic way," he added.
Wipro Consumer Care's businesses include soaps, toiletries, personal care products, wellness products, electrical wire devices, domestic and commercial lighting and modular office furniture.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
Here is a checklist that equips you to discern the market nuances
Sensex, Nifty 50 have witnessed sharp decline
The fund has consistently outperformed S&P BSE 100 TRI over one, three and five years
Returns are superior to immediate annuity plans, but SCSS can secure better rates for new investors sooner if ...
They are the health warriors who battled the Covid-19 pandemic on the ground, and are now the face of the ...
Reading in the loo — flipping through anything, really — appears to help the locomotion
Creator of the world’s biggest art canvas hopes to help children in poorer countries
A book on Badri Narayan is a tribute — albeit a belated one — to an artist who did not enjoy the recognition ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...