Asian VC invests €33m in Indian botanicals specialist; acquisitions targeted

By Shane Starling

- Last updated on GMT

©iStock/violka8
©iStock/violka8

Related tags: Nutrition

Indian-based but global-facing herbals player OmniActive Health Technologies has won a $35 million (€33m) investment from venture capitalist Everstone Group, as it pursues expansion and acquisition targets.

Asian investment firm Everstone has been buying into mostly pharma biotech firms recently as it moves into what it called the ‘health and wellness space’.

OmniActive said the funds would help it expand its portfolio beyond its core extracts range encompassing capsicain, curcumin, ginger, lutein, zeaxanthin and salacia – although it did not specify how exactly.

The money will also permit the 11-year-old firm to pursue acquisition targets.

The deal sees the VC take a minority stake in OmniActive and Everstone India managing director Deep Mishra join the OmniActive Board along with ex-DSM Nutritional Products CEO Dr Leendert Staal.

“This investment aims at helping OmniActive scale its already strong presence in the fast-growing nutraceutical space,”​ said Everstone Group co-founder and managing director Sameer Sain.

OmniActive managing director Sanjaya Mariwala said in a statement the investment would “bring a wider product portfolio of responsibly made ingredients to our customers through our strategic acquisitions.”

After publication, Mariwala told us: "With the entry of Everstone, we expect to see an acceleration of our inorganic growth strategy with acquisition of products, technologies and markets to complement our current targeted portfolio, including weight management, sports and performance nutrition, metabolic health and eye, brain and gut/digestive health."

Related news

Show more

Related products

show more

Dimpless®, new scientific evidences on cellulite

Dimpless®, new scientific evidences on cellulite

Robertet Health & Beauty | 19-Feb-2019 | Technical / White Paper

With 85-95% of women concerned, cellulite can undeniably be called a universal issue. First natural ingredient benefiting from a clinically proven oral...

The Ingredients Show 2019 NEC Birmingham

The Ingredients Show 2019 NEC Birmingham

William Reed | 01-Jan-2019 | Product Brochure

We’ve been bringing food and drink markets together for over 150 years. And the drive to
inform and serve our sectors that fuelled the launch of...

Related suppliers

Follow us

Featured Events

View more

Products

View more

Webinars