India: Talwalkars acquires 50% stake in yoga studios chain Zorba

Fitiness chain Talwalkars is acquiring 50 per cent stake in Chennai-based yoga studios chain Zorba for an undisclosed sum, according to a stock market disclosure.

“Talwalkars Better Value Fitness Limited (TBVF) had entered into a memorandum of understanding (MOU) with Zorba – A Renaissance Studio (Zorba) a chain of yoga studios having operations in Chennai. As per the terms of the MOU, TBVF shall acquire 50% stake in Zorba s rapidly growing Yoga Studios business,” Talwalkars said in a BSE filing.

The investment into Zorba will enable TBVF to further strengthen its wellness and fitness offerings initially in the chennai market and also enable the company to expand its yoga training activities across multiple locations of TBVF in India thereby benefiting existing members, the filing added.

The investment also marks Talwalkars’ entry into the rapidly growing yoga space valued at $80 billion globally. The overall wellness market in India is estimated at Rs 490 billion and wellness services alone compromise 40% of the market.

Incorporated in December 2013 by Sarvesh Shashi, Zorba offers courses across various facilities in yoga, zumba, posture correction and healing ailments for diseases like asthma, diabetes, tantric meditation, weight loss, stress management and personality development. The chain currently operates out of three prime locations of in Chennai.

In November, Talwalkars had also acquired majority stake in another Chennai-based fitness firm Inshape Health and Fitnez Pvt Ltd in an all-cash deal for an undisclosed sum.

Also Read: India: Fitness chain Talwalkars strikes a deal hat-trick, buys 51% in Inshape Health

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.