Bengaluru, Aug. 18 -- Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited (RIL), has forayed into the fast-growing healthy functional beverage space with the acquisition of a majority stake in a Joint Venture with Naturedge Beverages Private Limited.

Naturedge Beverages is into functional beverage space. Through this JV, RCPL is focused on offering consumers a range of herbal-natural beverages, thus further enhancing its presence as a Total Beverage Company.

"The healthy functional beverage space presents a large and rapidly expanding opportunity, driven by a strong consumer shift toward healthier, natural alternatives," a joint press release said on Monday.

Founded in 2018 by Siddhesh Sharma, a third...