Testbook Current Affairs
Testbook Current Affairs
May 29, 2025 at 09:47 AM
_*Drools Pet Food Becomes India’s Latest Unicorn with Nestlé Investment*_ *Why in News:* Drools Pet Food, an Indian pet care company, has attained unicorn status after Nestlé SA acquired a minority stake in the firm, marking it as the fourth Indian unicorn of 2025. *Key Points:* * Drools joins other 2025 unicorns like Netradyne, Juspay, and Porter. * Previous valuation stood at $600 million during L Catterton’s investment. * Despite Nestlé’s stake, Drools remains operationally independent. * Nestlé already owns Purina, a pet care brand in India. * Established in 2010, Drools distributes to 40,000+ retail outlets and exports to 22 countries. * The company runs six factories, large warehousing, and employs 3,400 staff including 1,800 salespeople. * Offers 650+ products, with a strong focus on science-driven pet nutrition. * India’s pet care market is rapidly expanding, projected to reach $1.2 billion by 2028 with 20% annual growth.
Image from Testbook Current Affairs: _*Drools Pet Food Becomes India’s Latest Unicorn with Nestlé Investmen...
👍 2

Comments