Backed by L Catterton, Drools takes a bite out of global pet-food market

Indian pet-food brand Drools recently received a US$60 million investment from L Catterton, a private equity firm that has a strategic partnership with LVMH, that has a track record of growing pet-food businesses across the world. This investment marks its first entry into the Indian marketplace.  The pet food market in India is expected to grow by approximately 20 per cent annually over the next five years to reach over $1.2 billion in 2028, driven by increased urbanisation, declining hous

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