VC investors score big as Marico picking up majority stake in nutrition brand Plix
Advertisement

VC investors score big as Marico picking up majority stake in nutrition brand Plix

By Debjyoti Roy

  • 27 Jul 2023
Premium
VC investors score big as Marico picking up majority stake in nutrition brand Plix
Harsh Mariwala, founder, Marico Innovation Foundation & chairman of Marico

Marico Ltd, the maker of Parachute hair oil and Saffola cooking oil, has inked an agreement to buy a majority stake in plant-based nutrition brand Plix through a staggered deal that translates into a neat valuation markup for the five-year-old startup’s venture capital backers who joined the cap table just ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.
Advertisement
Advertisement