NEW DELHI -- Consumer-focused global investment firm L Catterton said it has invested $60 million in Indian pet food company Drools, marking its first investment in the sector in the country.
L Catterton, which manages $33 billion of equity capital, has built a global pet food portfolio with companies like Ainsworth Pet Nutrition, Butternut Box, Canidae, Inspired Pet Nutrition, JustFoodForDogs, Lily's Kitchen, Nature's Variety, Petlove, and Wellness Pet Food Company among its investees. Earlier this year, L Catterton invested in China's premium freeze-dried pet food company Partner Pet.
