Acquisition · Commerce & Consumer Brands
Sproutlife Foods becomes an ITC subsidiary
By Startup Enthusiast ·
- Date
- Company
- Yoga Bar
- What it does
- Yoga Bar healthy food brand
- Kind
- Acquisition
- Based in
- Bengaluru
- Founded
- 2015
What they do
Sproutlife Foods makes Yoga Bar health foods and had been partly owned by ITC since 2023
What happened
From 1 April 2026 ITC gained the right to name most of Sproutlife's board, making it an ITC subsidiary
Why it matters
It was a step in ITC's multi-year plan to buy the whole company, which it completed in September 2026
The details
- ITC said Sproutlife Foods became its subsidiary from 1 April 2026.
- ITC gained the right to nominate a majority of directors on Sproutlife's board.
- Board control, not a larger shareholding, made it a subsidiary under the Companies Act.
- ITC disclosed the change in a regulatory filing.
- ITC's stake at that point was about 47.5%.
The bigger picture
- It marked a key step in ITC's staged purchase of Yoga Bar.
- ITC had first bought 39% in May 2023.
- ITC went on to buy the rest of the company on 28 September 2026.
About the business
- Sproutlife makes Yoga Bar products.
- It focuses on health foods.
- It is based in Bengaluru.
Investors
- ITC (buyer) — Took board control of Sproutlife.
Other articles talking about it
More on Yoga Bar
- ITC takes full ownership of Yoga Bar29 September 2026 · Acquisition · ₹645 Cr
- ITC takes full control of Sproutlife Foods28 September 2026 · Acquisition · ₹645 Cr
- Yoga Bar launches whey powder with yeast protein31 August 2026 · Launch
- Yoga Bar crosses ₹200 crore revenue in FY2518 February 2026 · Results
- Yoga Bar launches Yoga Baby for young children15 September 2023 · Launch
- ITC lifts Yoga Bar stake to 39% for ₹175 crore5 May 2023 · Acquisition · ₹175 Cr
- ITC agrees to buy Yoga Bar maker in stages17 January 2023 · Acquisition
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