Mankind Pharma has announced that one of its subsidiaries has acquired a majority stake in Upakarma Ayurveda, a brand that is engaged in developing, manufacturing and selling ayurvedic and herbal products, a statement from Mankind Pharma notified yesterday.
According to the statement, Mankind Pharma’s decision to invest in Upakarma Ayurveda will empower the latter to strive to develop a wider range of products and offerings and penetrate the market leveraging the strong distribution network of Mankind Pharma.
Vishal Kaushik, founder and Managing Director, Upakarma Ayurveda, said in the statement, “There has been a rising consciousness around Ayurveda in recent years. We, at Upakarma Ayurveda, have been building a connection with our consumers, and, now, with this partnership, the team is elated, and is looking forward to widening our reach with Mankind Pharma backing us. With this partnership, I along with my co-founder, Parag Kaushik, are hopeful that quality ayurvedic solutions will reach far and wide.”