Nestlé Picks Up Minority Stake In Pet Care Unicorn Drools

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. However, the startup did not disclose…