People · Commerce & Consumer Brands
HUL appoints Koteshwar L.N. as Oziva CEO after full acquisition
By Startup Enthusiast ·
- Date
- Company
- OZiva
- What it does
- plant-based wellness brand
- Kind
- People
- Based in
- Mumbai
What they do
Oziva is a plant-based wellness brand now fully owned by HUL after HUL acquired the remaining 49% stake in Zywie Ventures for ₹824 crore
What happened
Koteshwar L.N. a former Marico and Flipkart executive, has been appointed as the new CEO of Oziva and will also oversee HUL’s broader wellness portfolio
Why it matters
Oziva grew rapidly after HUL’s initial 51% stake in 2023, reaching ₹480 crore in revenue with a compound annual growth rate of 130% in two years
The details
- Hindustan Unilever Ltd (HUL) has appointed Koteshwar L.N. as the new Chief Executive Officer of its wellness nutrition brand Oziva.
- The appointment follows HUL’s acquisition of the remaining 49% stake in Zywie Ventures, the parent company of Oziva, for ₹824 crore in February 2026.
- Oziva is now a wholly owned subsidiary of HUL, marking a significant step in HUL’s expansion into the wellness and nutrition sector.
- Koteshwar L.N. will also oversee HUL’s broader wellness portfolio, including brands like Liquid I.V., as the company aims to build a more integrated health and nutrition business.
- Koteshwar brings over two decades of experience in FMCG, beverages, and e-commerce, having previously worked at Marico, Flipkart, and The Coca-Cola Company.
The bigger picture
- The wellness and nutrition market in India is growing rapidly, with increasing consumer demand for preventive healthcare, functional foods, and plant-based nutrition.
- HUL’s acquisition of Oziva and the appointment of Koteshwar L.N. signal a strategic push into this fast-growing category.
- Oziva has shown strong growth since HUL’s initial 51% stake in 2023, reaching ₹480 crore in revenue with a compound annual growth rate of 130% in two years.
About the business
- Oziva is a plant-based wellness brand offering clean-label nutrition and beauty products.
- Oziva’s product range includes plant-based nutrition, hydration products, and preventive health solutions.
- The brand has grown rapidly since HUL’s investment, with significant revenue growth and a high compound annual growth rate.
- Oziva is now part of HUL’s broader wellness portfolio, which includes other brands like Liquid I.V.
What happens next
- Oziva is expected to expand further under HUL’s ownership and Koteshwar L.N.’s leadership.
- HUL aims to build a more integrated health and nutrition business by combining Oziva with its broader wellness portfolio.
The deal
- Type
- acquisition
Investors
- Hindustan Unilever Ltd (HUL) (acquirer) — India's largest consumer goods company, known for its diverse portfolio of brands in detergents, cosmetics, and personal care.
Founders
- Koteshwar L.N., CEO of Oziva
Other articles talking about it
More on OZiva
- Oziva reports Rs 463 crore revenue with wider losses in FY2625 September 2026 · Results · ₹463.4 Cr
- OZiva appoints Abhishek Agrawal as chief growth officer28 August 2026 · People
- OZiva launches plant-based acne spot corrector17 July 2026 · Launch
- OZiva raises $5M in Series A led by Matrix Partners India3 April 2026 · Funding · $5M
- Hindustan Unilever acquires remaining stake in OZiva for ₹824 crore12 February 2026 · Acquisition · ₹824 crore
- Oziva posts strong revenue growth and reduces losses19 September 2025 · Results
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