Drools at the moment has a large portfolio of canine and cat food manufacturers.
| Photo Credit: Special Arrangement
Bengaluru-based Drools Pet Food raised $60 million from L Catterton (LVMH), a shopper progress investor from the U.S. The funds quantity to 10% valuation of Drools, making it one of many largest investments until date within the pet care trade in India, the firm stated.
The pet care market within the nation is predicted to achieve ₹21,000 crore by 2032, rising at a CAGR of 19.2% in the course of the forecast interval of 2022 to 2032, as per market analysis outfit Market Decipher.
Drools at the moment has a large portfolio of canine and cat food manufacturers. With contemporary funds, the corporate has plans to ramp up its manufacturing capability and strengthen its distribution community globally.
