The co-founders of Yoga Bar claimed, in January, that this move will add to the competitive advantage of the Bengaluru-based start-up and take it to an annual run rate of over Rs 100 crore
ITC Ltd has on 4th May, 2023 acquired 2,443 Equity Shares of Rs. 10/- each and 7,215 Compulsorily Convertible Preference Shares of Rs. 10/- each in Sproutlife Foods Private Limited for an aggregate consideration of Rs. 175 crores.
ITC is fortifying its presence in the Rs. 45,000 crores, fast growing, nutrition-led healthy foods space, with a proposed strategic investment in M/s. Sproutlife Foods Pvt Ltd, a D2C StartUp with brand Yoga Bar .