L Catterton, a leading global consumer-focused investment firm, today announced that it has invested around $60 million in Drools Pet Food Private Limited ("Drools"), the top local pet food company in India. This builds on the firm's longstanding track record of growing pet food businesses across the world and marks its first foray into the sector in India.
Drools will leverage L Catterton's expertise in the sector to further strengthen its position as the largest domestic player in India's burgeoning pet food market. The market is expected to grow by approximately 20% annually over the next five years to reach over $1.2 billion in 2028 on the back of increasing pet adoption as the country becomes more urbanized and household sizes become smaller. Macro trends such as rising income levels and the increasing humanization of pets are also leading pet owners to spend more on their pets, especially on buying packaged food instead of preparing home-cooked meals.
هذه القصة مأخوذة من طبعة July 2023 من Creature Companions.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 2023 من Creature Companions.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
How To Combat Heat Stress In Dogs
Causes, symptoms, handling & Prevention
Embracing Pet Parenthood
Chef Kunal Kapoor's Perspective on Nurturing Clean and Safe Floors for Furry Companions
From Concept to Community: Onpets' Impactful Evolution in Pet Healthcare
In conversation with Anirban Chanda, CEO of Onpets, he provides an insight on how Onpets is revolutionizing pet healthcare in India and their upcoming projects to bridge gaps in the market, enhance service quality, and integrate emerging technologies.
PREPARING A NUTRITIOUS MEAL FOR YOUR PETS
As a pet parent, we aim to offer optimal care for our furry companions, and a fundamental aspect of their health is their dietary intake.
BEAT the HEAT Summer Stress And Stressza
Ah, summer. A time of year filled with happiness, laughter, and limitless opportunities. It is a time when happiness fills our hearts as the warm sun greets our days and nature blooms in vibrant hues.
BEAT the HEAT
Essential Tips for Keeping Your Dog Safe and Cool This Summer
BANISH THE STENCH Combatting Odour Problems in Dogs
Our furry friends bring boundless joy into our lives, but let's be honest: sometimes they also bring a less-than-pleasant odour along with them.
DENTAL BASICS FOR PETS
Ensuring healthy oral health for your furry friends
How to train your dog to be friendly to visitors
Everything starts with when you first get your puppy/dog at home.
SNOWIE: Our Loyal Companion
As a proud Indie parent, I can say that we were destined to meet. From the moment I rescued him and brought him home, he stole my heart.