Nestlé S.A. has made its first direct investment in an Indian brand by acquiring a minority stake in Drools Pet Food, a recently minted unicorn in the pet care sector.
Despite the investment, Drools will continue to operate independently. Founded in 2010 by Fahim Sultan, the brand has grown rapidly, with six manufacturing units, distribution in over 40,000 Indian stores, and exports to 22 countries.
The deal highlights Nestlé’s growing interest in India’s expanding pet care market.