Nestlé Picks Up Minority Stake In Pet Care Unicorn Drools

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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. However, the startup did not disclose…



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Nestlé Picks Up Minority Stake In Pet Care Unicorn Drools


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. However, the startup did not disclose…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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