Drools turns unicorn after Nestle's bet
Nestle has acquired a minority stake in Drools, valuing the Indian pet food startup at $1 billion, making it a unicorn. This investment occurs amidst a surge in India's pet care market, driven by millennial and Gen Z pet parents. Drools, backed by L Catterton, competes with global and local brands like Mars PetCare and Heads Up For Tails.
Nestle has acquired a minority stake in Drools, valuing the Indian pet food startup at $1 billion, making it a unicorn. This investment occurs amidst a surge in India's pet care market, driven by millennial and Gen Z pet parents. Drools, backed by L Catterton, competes with global and local brands like Mars PetCare and Heads Up For Tails. What's Your Reaction?
