Acquisition · Commerce & Consumer Brands
Macobs buys majority stake in protein brand Getmymettle
By Startup Enthusiast ·
- Date
- Company
- Macobs Technologies
- What it does
- Acquires nutrition brand Getmymettle
- Kind
- Acquisition
- Amount
- INR 10.5 Cr
What they do
Macobs Technologies acquires 50.01% of Getmymettle for INR 10.5 Cr to enter the high-growth protein supplement market
What happened
The deal includes operations and brands, aiming to diversify from grooming into nutrition with cross-selling benefits
Why it matters
Macobs posted INR 19.2 Cr revenue in H1 FY26 while Getmymettle grew turnover nearly 6X year-on-year
The details
- Macobs Technologies signed a share purchase agreement to acquire 50.01% stake in Getmymettle.
- The acquisition price is INR 10.5 Cr for 1.49 lakh equity shares at INR 707.2 per share.
- The transaction is expected to close within one month of signing the agreement.
- Macobs will operate Getmymettle's whey protein products, brands, licenses, teams, supply chain, and digital assets post-close.
- This move helps Macobs diversify from its core grooming business into the high-repeat nutrition sector.
- The company aims to enable cross-selling and bundling to improve customer lifetime value and subscription revenues.
- Operational synergies include combining performance marketing, D2C tech stack, warehousing, and procurement to improve unit economics.
- Macobs shares rose 14.49% to INR 237 on the day of the announcement.
The bigger picture
- India's protein supplement market is projected to exceed $1.5 Bn by 2033 from $860 Mn in 2024.
- The market is growing at a 7% CAGR according to an IMARC group report.
- Protein-first snacking brands like SuperYou and Yogabar are gaining traction in India.
About the business
- Macobs Technologies is the parent company of the grooming brand Menhood.
- It operates in the lifestyle and grooming segment with a focus on direct-to-consumer sales.
- Getmymettle offers protein supplements including whey protein, energy bars, and peanut butters.
- Getmymettle was founded in 2023 under the umbrella brand Swasthum.
- Getmymettle reported a turnover of INR 13.4 Cr in FY25, nearly 6X year-on-year growth.
- Getmymettle's profit after tax was INR 1.6 Cr in FY25, down 60% year-on-year.
- Macobs generated INR 19.2 Cr in operating revenue in H1 FY26, up 16% year-on-year.
- Macobs recorded a net profit of INR 1.4 Cr in H1 FY26, down 23% from the previous year.
What happens next
- Macobs plans to integrate Getmymettle's operations to drive cross-sell opportunities.
- The company aims to leverage combined tech stacks and warehousing for better unit economics.
The deal
- Type
- acquisition
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