L Catterton makes foray into India's pet food sector

Consumer-focused investment firm bets $60m on Drools in latest portfolio addition

20230521 DSA Lcatterton Drools

L Catterton has made its first investment in India's pet food sector by putting $60m into Drools. (Source photo by Getty Images; logos from  L Catterton and Drools websites)

VIBHUTI SHARMA, DealStreetAsia

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.

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