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Germany's water tech firm SKion Water acquires 51% stake in Hyderabad-based Sanpure

IndianStartupNewsIndianStartupNews · 2y ago
Germany's water tech firm SKion Water acquires 51% stake in Hyderabad-based Sanpure
Medial

SKion Water GmbH, the watertech investment arm of Susanne Klatten's SKion GmbH, has acquired a majority stake in Sanpure Systems Pvt Ltd, a Hyderabad-based firm specializing in high purity water systems for the pharmaceutical and biopharmaceutical sectors. The acquisition, estimated at $9-10 million, allows SKion Water to leverage the strengths of both companies and expand its presence in the water and wastewater technology sector. Sanpure Systems offers custom-engineered solutions for high-purity water systems used in various industries, including pharmaceuticals, bio-pharmaceuticals, and semiconductors. The integration of Sanpure with SKion Water's solutions will help tap into export markets.

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JM Financial Private Equity invests Rs 45 Cr in Clear Premium Water

EntrackrEntrackr · 1y ago
JM Financial Private Equity invests Rs 45 Cr in Clear Premium Water
Medial

Bottled water brand Clear Premium Water has raised rs 45 crore ($5.4 million) in a new round from JM Financial Private Equity. Proceeds from the investment will support brand-building initiatives and enhance the existing capacities and distribution network of the company, Clear Premium Water said in a press release. Founded by Nayan Shah, the company is one of the notable players in the HoReCa (hotels, restaurants & cafés) segment and is gaining a footprint in the retail market in India. With a pan-India footprint, the company is strategically expanding its distribution across the nation. In December, the Ahmedabad-based company acquired 51% majority stake in Pune-based Kelzai Secrets Pvt Ltd. Kelzai offers volcanic water in PET and glass bottles. Last year, the firm also announced the launch of its natural mineral water brand NubyClear (NU) in India. This is the fifth investment from JM Financial Private Equity’s Fund III. Previously, it backed PharmEasy, BigHaat Agro and Silverpush, among others.

Hindustan Unilever acquires remaining 49% stake in OZiva for Rs 824 Cr

EntrackrEntrackr · 8d ago
Hindustan Unilever acquires remaining 49% stake in OZiva for Rs 824 Cr
Medial

Hindustan Unilever acquires remaining 49% stake in OZiva for Rs 824 Cr Mumbai-based FMCG major Hindustan Unilever Limited has completed the acquisition of the remaining 49% stake in OZiva, operated through Zywie Ventures Private Limited, for a total consideration of Rs 824 crore. The transaction makes OZiva a wholly owned subsidiary of HUL. The deal shows a sharp jump in OZiva’s valuation. In December 2022, HUL had acquired a 51% stake in OZiva for a cash consideration of Rs 264.28 crore, which implied a valuation of around Rs 518 crore at the time. The latest transaction values the company at nearly Rs 1,682 crore and represents a more than threefold increase over a little more than three years. Founded in 2019, the six-year-old direct-to-consumer firm sells plant-based nutrition products across health, skin, hair, and general wellness categories. Prior to the HUL transaction, OZiva had raised around $17 million from investors such as Matrix Partners, Eight Road Ventures, and Stride Ventures. The company also reported a sharp improvement in operating performance. Its revenue from operations jumped 148% to Rs 258 crore in FY25 from Rs 104 crore in FY24 while losses declined 90% to Rs 4.5 crore in FY25 compared to Rs 43.5 crore in the previous fiscal. The deal follows a series of acquisitions in India’s D2C space this year. On Thursday, pharmaceutical major USV acquired a 79% stake in Wellbeing Nutrition. Earlier this month, Mumbai-based consumer goods major Marico acquired a 60% stake in plant-based protein startup Cosmix at an equity valuation of Rs 375 crore. The trend builds on last year’s consolidation, which included HUL’s acquisition of skincare brand Minimalist at a pre-money valuation of Rs 2,955 crore.

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