eCommerce
Drools Enters Unicorn Club After Nestle’s Investment
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SUMMARY
Drools said it recently became a unicorn. However, it did not disclose further details
The funding will enable Drools to strengthen its expansion measures, while positioning itself as a global pet food brand based in India
In 2023, L Catterton invested $60 Mn in the Indian pet food brand at a valuation of $600 Mn, obtaining a 10% stake in Drools
Swiss food giant Nestlé SA, the parent entity of Nestlé India, has acquired a minority stake in homegrown D2C pet care startup Drools
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