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Samara in talks for Enovate deal

Mint Mumbai

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February 19, 2024

Samara Capital, an Indian private equity fund, is in advanced talks to invest in natural ingredients supplier Enovate Biolife, which operates in India as well as the US, at least two people aware of the development told VCCircle.

- Debjyoti Roy

Samara in talks for Enovate deal

Enovate produces and supplies clinically proven active ingredients for dietary supplements, functional foods, and medical food applications.

The deal size, according to the people cited above, is likely to be around $100 million (or around 830 crore).

Email queries sent to Enovate Biolife and Samara didn't elicit any response till press time.

Founded in 2009, Enovate offers five botanical ingredients used as supplements for the well-being of users, including enXtra, HeezOn®, Lanconone®, Oxyjun® and RedNiteⓇ.

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