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
  • Express Food Joints / Drive Through
    Oldest paan brand in India. The aim is to capture..
    Locations looking for expansion Haryana
    Establishment year 1965
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Healthcare Products
    The Vissco legacy began in 1963 when our founder, Mr..
    Locations looking for expansion Haryana
    Establishment year 1963
    Franchising Launch Date 2021
    Investment size Rs. 10lac - 20lac
    Space required 120
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Releaf is offering various products in the sector of Bio-toilets,..
    Locations looking for expansion Haryana
    Establishment year 2011
    Franchising Launch Date 2021
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Ad Agencies & Collection Centres
    Bookeventz is India's leading network of trusted venues that provides..
    Locations looking for expansion Haryana
    Establishment year 2012
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities