
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.

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