Nestle is in discussions to acquire a share in Yoga Bar.

According to at least three persons familiar with the proposal, Nestle India Ltd, the local subsidiary of the world's largest food manufacturer, 

and other strategic and financial partners are in discussions to purchase a major share in nutritious snacks startup Yoga Bar.

Nestle India has conducted due diligence, and additional discussions are ongoing, according to one of the three, who requested anonymity. 

According to the second individual quoted above, Yoga Bar is valued at roughly 450-500 crore and is supported by venture capital funds such as Elevation Capital and Fireside Ventures.

"The company has also conducted discussions with private equity companies about raising primary capital in the range of $20-25 million." "Discussions are now underway," the individual added.

Nestle, the manufacturer of Maggi noodles and Nescafe coffee, has been targeting tiny health and supplement transactions.

While several of its competitors have been expanding their portfolios through acquisitions, the Swiss business has not lately completed any substantial agreements in India. 

However, in July, it purchased Purina Petcare's pet food business.