Naik Naik, Vertices lead on John Abraham investment in GNC franchise partnerSeptember 13 2018
Bollywood actor John Abraham has picked up a minority stake in Guardian Healthcare, the master franchise partner of US-based health and nutrition company GNC in India.
Naik Naik advised John Abraham and the team was led by Managing Partner Ameet Naik.
Vertices Partners acted for Guardian Healthcare and the team was led by Founding Partner Archana Khosla. Managing Partner Vinayak Burman provided strategic inputs.
The latest funding pegs the company's worth at about Rs 250 crore.
The latest funding follows a global trend where celebrities have been investing in brands instead of endorsing them.
Bollywood actress Jacqueline Fernandez has invested in Rakyan Beverages that makes juices under the Raw Pressery brand, Madhuri Dixit is an angel investor in a wearable fitness band called GoQii while men's grooming brand Beardo is backed by Suniel Shetty, reported ET.
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