Goodness Group
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Goodness Group - overview
Established
2023
Location
Sydney, NSW, Australia
Primary Industry
Consumer Products
About
Based in Australia, Goodness Group specializes in health-focused products that deliver enjoyment while promoting better dietary habits, including natural beverages and nutritional supplements aimed at enhancing gut health and energy levels. Goodness Group, founded in 2023 in Australia by Troy Douglas, focuses on providing health-oriented products. In February 2026, Reliance Industries Limited, a portfolio company of Life Insurance Corporation of India, acquired a 75% majority stake in Goodness Group for approximately AUD 32 million. Goodness Group offers a range of health-focused products designed to deliver enjoyment while promoting better dietary habits.
Their core offerings include all-natural, sugar-free beverages and nutritional supplements, which are tailored to support gut health and energy replenishment. Notably, the company's Rapid Replenishment product was developed in partnership with sports figure Pat Cummins, catering to active consumers looking for quick recovery solutions. Additionally, Goodness Group features fast-absorbing protein products aimed at fitness enthusiasts and those seeking nutritional support. Their proprietary Goodsweet natural sweetener is a key ingredient across their product portfolio, enhancing flavor without added sugars.
These products are marketed primarily to health-conscious consumers across various geographical markets, including Australia and other regions focused on better-for-you dietary options. Goodness Group generates revenue through direct sales of its products, targeting both retail and direct-to-consumer channels. Customers include health-conscious individuals, fitness enthusiasts, and retailers looking to stock better-for-you alternatives in their stores. Transactions are structured as direct sales to consumers via online platforms, as well as through partnerships with retailers and wholesalers.
The pricing plans for their offerings reflect the premium nature of the products, with a focus on providing value through quality ingredients such as the Nexba brand and proprietary sweeteners. The company's diverse product lineup, which includes flagship items like Nexba beverages and Bison Protein, supports their market strategy by appealing to a wide customer base seeking healthier lifestyle options. Goodness Group plans to utilize the recent funding to enhance product development and market expansion. The company aims to launch new products that cater to health-conscious consumers, with a timeline set for 2026.
Furthermore, the acquisition by Reliance Industries Limited will facilitate growth into new markets, particularly across Asia, leveraging the existing distribution channels and infrastructure of Reliance. This strategic move is expected to increase brand visibility and product accessibility in various geographic regions.
Current Investors
Reliance Industries Limited
Primary Industry
Consumer Products
Sub Industries
Non-Alcoholic Beverages, Food & Beverage Distribution
Website
www.goodnessgroup.com
Verticals
E-commerce
Total Amount Raised
Subscriber access only
Goodness Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, LP Direct | Completed | Goodness Group | - |
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