Marico Limited has announced a strategic investment in Apcos Naturals Private Limited with an acquisition of a 60% equity stake for an undisclosed consideration. This equity stake will be acquired over a period of two years, through primary infusion and secondary buy-outs. Co-founded by CEO, Arush Chopra, and Brand Director, Megha Sabhlok, Apcos Naturals Private Limited owns “Just Herbs”, a line of Ayurvedic results-driven skin and hair care offerings/
With a bridge-to-luxury positioning, ‘Just Herbs’ from Apcsos Naturals follows the principles of Ayurveda and aromatherapy, with all its products certified by the Ministry of Ayush, Government of India. While the brand garners a majority of its business through its own D2C website, it is also available on online marketplaces and its exclusive offline stores in select cities.
Saugata Gupta, MD, and CEO, Marico Limited, said, “Just Herbs presents an exciting and differentiated opportunity to have a meaningful play in Ayurveda-led beauty categories. The brand has built a healthy consumer franchise on the back of the quality and efficacy of its offerings. The digital presence it has built in a short span of time is impressive and we strongly believe in its potential to reach critical mass over the next couple of years. This investment is another step towards our aspiration to build a portfolio of at least three INR 100-crore plus digital brands within the next three years.”
Arush Chopra, CEO, and Co-founder, Apcos Naturals Private Limited, said, “We are delighted to have entered into a strategic partnership with Marico. The values, entrepreneurial spirit, and agility that define Marico’s culture fits perfectly with our vision for the future. We believe that Marico’s evolved capabilities, processes, and systems will complement our ambition to scale up online as well as offline. We are very positive about the future prospects of this partnership and look forward to a fruitful journey with the team.”
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