India, Oct. 31 -- Indias leading Science-based Ayurveda major Dabur India announced the launch of Dabur Ventures, an investment platform with capital allocation of up to Rs 500 Crores.
The capital, funded entirely by Daburs balance sheet, would be invested in acquiring stakes in high-potential, new-age digital-first businesses that demonstrate strong growth potential and are closely aligned with Daburs long-term strategic vision, said Dabur India Limited Executive Director and Group Head of Corporate Strategy Mr Abhinav Dhall, who will be leading Dabur Ventures.
We are charting a bold path by backing progressive ventures in Personal Care, Health Care, Wellness Foods, Beverages, and Ayurveda. This strategic move reflects our belief in innovation as a growth engine, fast-tracks our shift toward premium offerings, and positions us at the forefront of emerging consumer trends shaping the industry's future, Dabur India chief executive officer Mohit Malhotra said.
Published by HT Digital Content Services with permission from FoodTechBiz.