Marico acquired majority stake in virtual first healthy breakfast & snacks brand True elements – Marico made a strategic funding in HW Wellness Solutions Pvt. Ltd with an acquisition of fifty four% fairness stake via primary infusion and secondary buyouts. Co-founded with the aid of Puru Gupta and Sreejith Moolayil, HW Wellness Solutions Private Limited owns “True Elements” a easy label, virtual-first emblem playing in the swiftly growing healthful breakfast and snacks phase in India. The brand has clocked revenues of Rs. Fifty four.Three crore in FY2022 and grew at CAGR of 51% over FY2020-22.
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