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Acquisition · Commerce & Consumer Brands

Macobs buys majority stake in protein brand Getmymettle

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Date
Company
Macobs Technologies
What it does
Acquires nutrition brand Getmymettle
Kind
Acquisition
Amount
INR 10.5 Cr
Sector
Commerce & Consumer Brands

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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