VC investors score big as Marico picking up majority stake in nutrition brand Plix
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VC investors score big as Marico picking up majority stake in nutrition brand Plix

By Debjyoti Roy

  • 27 Jul 2023
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VC investors score big as Marico picking up majority stake in nutrition brand Plix
Harsh Mariwala, founder, Marico Innovation Foundation & chairman of Marico

Marico Ltd, the maker of Parachute hair oil and Saffola cooking oil, has inked an agreement to buy a majority stake in plant-based nutrition brand Plix through a staggered deal that translates into a neat valuation markup for the five-year-old startup’s venture capital backers who joined the cap table just ......

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