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Hindustan Unilever Eyes $350M Acquisition of Minimalist

  • Hindustan Unilever is in advanced talks to acquire skincare startup Minimalist for up to $350 million, expanding its health and wellbeing portfolio in India.
  • This acquisition follows Unilever’s recent purchases of Oziva and Wellbeing Nutrition, enhancing its market presence with brands like Dove and Lakme.
  • Minimalist, backed by Peak XV, reported an 89% revenue surge to $40.8 million and profitability in the fiscal year ending March 2024.

Source: Techcrunch

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