Jubilant acquires 25% stake in Yuvraj Singh invested nutrition brand Wellversed
Operators of Domino’s Pizza and Dunkin Donuts in India, Jubilant Foodworks Ltd (JFL), has acquired 25 per cent stake in Yuvraj Singh invested nutrition company Wellversed Health.
The Gurugram-based company provides healthier and nutritious food options including vegan, keto, low GI, low carbs and high protein options to name a few.
As per the regulatory filing, Jubilant Foodworks would invest Rs 10 crore in Wellversed in two tranches.
The first tranche of Rs 6.5 crore would be invested on the closing date as defined in the share subscription agreement and the second one of Rs 3.5 crore would be done nine months from the disbursement of the first tranche.
“This will be an investment by the company in Wellversed – a nutrition company offering a variety of food products tailored for specific nutrition and dietary needs including keto, gluten-free, vegan, high-protein, diabetic and immunity,” shared JFL.
Net revenue of Wellversed in 2019-20 was Rs 4.89 crore.