Nestle S.A. invests in India’s Drools Pet Food, acquires minority stake
Summary
This comes at a time when Drool is positioning itself as a global pet food brand with Indian roots.Responding to businesslines query, a Nestle spokesperson said, We regularly scout the relevant sectors in the market for opportunities. Nestl\xe9 S.A. does not have a minority stake in any other entity in India.This development also comes at a time when Nestle has identified pet-food as one of the key emerging growth areas in India.In June 2023, Drools bagged investment from L Catterton , a leading global consumer-focused private equity firm for a minority stake.Founded in 2010, Drools has scaled to become a key player in Indias pet food sector. It claimed it has attained unicorn status recently.The company operates six state-of-the-art manufacturing units and an expansive 16-lakh-sq-ft warehousing footprint, supported by 3,400 employees. The company offers 650+ SKUs, including high-protein, prescription, and value-for-money diets, serving the full spectrum of pet nutrition needs. Drools is also a key player in the cat food category in India and a leading seller on e-commerce platforms, including Amazon.L Catterton Partner and Head of India, Anjana Sasidharan, added, Drools has achieved significant growth since we invested in the company two years ago, through the high-quality in-market agility and execution, and a range of operational initiatives we have been working on with its management team to create value.