USV Pharma to buy 85% of Wellbeing Nutrition for ₹1,600 crore, expanding into consumer healthcare.

USV Pharma is set to acquire an 85% stake in Mumbai-based Wellbeing Nutrition, a health and wellness brand, in a deal valued at ₹1,600 crore, marking a major move into consumer healthcare. The all-cash transaction, expected to close by March 2026, sees founder Avnish Chhabria selling a 35% stake for around ₹800 crore while retaining control and leadership. Hindustan Unilever and Fireside Ventures are exiting with over fourfold returns after investing in 2022. Wellbeing Nutrition, founded in 2019, has nearly tripled revenue to ₹119 crore in FY25 but remains loss-making. The acquisition aligns with USV’s strategy to expand beyond prescription drugs into consumer nutrition, as the domestic market grows rapidly.