Indian pet food brand Drools raises $60 Mn at $600 Mn valuation
Image Credit: entracker
US-based private equity (PE) firm L Catterton (LVMH) has invested $60 Mn in the Indian pet food brand, Drools, at a valuation of $600 Mn. With the investment, L Catterton will get a 10% stake in the brand. This is one of the largest investments in India’s pet care startup segment. With the funding, Drools aims to ramp up its production capacity, streamline operations and strengthen its distribution network.