Hotline: 1800 102 2007
Hotline: 1800 102 2007
Mar, 20 2017

Marico to venture investments into startups for its growth

The maker of Parachute hair oil said the stake will be bought over a period of two years, through primary infusion and secondary buy-outs.

Marico to venture investments into startups for its growth

Marico acquired 45% stake in Zed Lifestyle, a male grooming firm for an undisclosed sum in an effort to widen its portfolio with niche and high margin products. 

The maker of Parachute hair oil said the stake will be bought over a period of two years, through primary infusion and secondary buy-outs.

In a statement Marico said, "It fast-forwards our journey towards nurturing a future-ready male grooming portfolio and brand in the online and salon space. This is also in line with our emerging focus of venture investments into start-ups to incubate new engines of growth."

Zed Lifestyle Private, founded in June 2016, owns and sells a range of products under 'Beardo' brand in categories such as oil, wax and balm for beards as well as scalp, hair, face and skin products.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Furniture/Home Decor & Furnishing
    Design Walls - One of the upcoming brands in Wallcoverings/..
    Locations looking for expansion Telangana
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
  • Herbal, Ayurvedic, Homeopathic & Natural Care Products
      MEDY365 – One of the fastest growing Dealer/Distributor Network Chain of..
    Locations looking for expansion Punjab
    Establishment year 2020
    Franchising Launch Date 2021
    Investment size
    Space required 00
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Sangrur Punjab
  • About Us: At DogSpa we love to spoil, treat and pamper..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: PapaLouie’s Pizza is now on the mode of developing..
    Locations looking for expansion Gujarat
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities