PE Fund Investments
Pet food brand Drools raises $60-M from L Catterton at $600-M valuation
Drools, a Bengaluru-based pet food maker, has raised USD 60 million from L Catterton, in a deal that values the firm at USD 600 million. The funding will be used to enhance the company's manufacturing capabilities, meet the growing demand for pet food products, bolster the marketing budget, and attract talent. Founded by Fahim Sultan in 2010, Drools Pet Food's products are sold in 34,000 retail outlets across India. The company also claims to export its products to over 22 countries, including Australia, Israel, and the UAE. The company plans to enter Russia by 2023 and the US eventually.
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