The ambition may not be far-fetched as the company raised $60 million earlier this year from L Catterton, a private equity firm backed by French luxury brand LVMH Moet Hennessy Louis Vuitton, at a valuation of $600 million.
The journey has been satisfactory so far as Drools has a market share of 38% in terms of volume and 17% in terms of value in the Indian pet food and accessories market, which is growing rapidly and is estimated to reach $1.9 billion by 2030, growing at a CAGR of 16.5% according to Decipher Market Research Agency.
The pet population in India is estimated to be around 32 million, growing at 11% per annum.
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Murdoch ally helps Ambani build media empire in India
SOHEE KIM PR SANJAI
Pandya, Dube & Rinku: Can they finish for India at T20 World Cup?
GOING INTO THE 2022 T20 World Cup in Australia Dinesh Karthik was assigned the finisher role and the batting lineup was built accordingly.
Nestle adds sugar to infant milk and cereal, finds report
A NEW REPORT has revealed that Nestle, the world's largest consumer goods and manufacturer of baby formula, is adding sugar to infant milk and cereal products sold in India, and other Asian, and African countries.
India-made Daimler's electric mini truck to hit the road soon
INDIA WILL BE host to German trucking giant Daimler's only electric vehicle plant outside of Europe and Japan when it launches a locally-made electric light cargo truck in FY25.
Samsung eyes â¹10,000 cr from India TV biz this year
SOUTH KOREAN GIANT Samsung is targeting a turnover of â¹10,000 crores for its television business in India this year, driven by growth in sales of its mid to-premium segment models, said Mohandeep Singh, senior VP, consumer electronics business in India.
Microsoft AI Copilot speed boost for coding
WHEN SOFTWARE DEVELOPER Nikolai Avteniev got his hands on a preview version of Microsoft's Copilot coding assistant in 2021, he quickly saw the potential.
US, China debt pose risks for global public finances: IMF
THE WORLD's TWO great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said in a report.
Language models in consumer tech
This move is designed to ensure better user experience & privacy
'Data centres' energy use doubles every four years'
Data centres are significant energy consumers, using about 2% of the world's power and emitting carbon dioxide equivalent to the airline industry.
Vi FPO: Foreign players invest big; about â¹5,400 crore raised
GQG, Fidelity buy almost 40% of the anchor investor portion
