HYDERABAD: Superfoods player based out of Hyderabad, Nourish You, has acquired 100% stake in Bengaluru-based vegan dairy player One Good and is eyeing a Rs 50-60 crore fundraise via a Series-A round by June 2024.
The deal, which is being touted as one of the largest merger & acquisition deals in India’s burgeoning plant-based foods ecosystem, was conducted through a share swap and will see One Good founders get a minority stake in Nourish You.
With this, the leadership team of One Good, which includes its CEO & co-founder Abhay Rangan, co-founder & CFO Radhika Datt and COO Dhivakar Sathyamurthy, will also be joining the Nourish You leadership team.