🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Bottomline: Drools Pet Food crosses $100 mn in revenue but margins under pressure

VCCircle

VCCircle · 3m ago

Bottomline: Drools Pet Food crosses $100 mn in revenue but margins under pressure

Drools Pet Food Pvt Ltd, supported by L Catterton, is estimated to have exceeded $100 million in revenue for FY25. Despite achieving substantial sales growth and maintaining double-digit revenue growth, the company's profitability is likely under pressure due to rising input costs, ongoing capacity expansion, and debt obligations. The Chhattisgarh-based pet food manufacturer faces challenges in balancing revenue growth with maintaining healthy profit margins.

1

Related News

Pet food brand Drools claims unicorn status after minority stake by Nestlé

Entrackr

Entrackr · 2m ago

Pet food brand Drools claims unicorn status after minority stake by Nestlé Drools Pet Food Private Limited claims it has become India’s first pet food unicorn following a minority investment by Nestlé S.A., the parent company of Nestlé India. Drools has not disclosed the details of the transaction but will continue to operate independently post-investment. The deal gives Nestlé access to India’s growing pet food market, while Drools is expected to continue expanding in both domestic and international markets. Drools, with brands like Pure Pet, Meat Up, Canine Creek, and Kitty Yum, claims to be the top seller in the pet food category on Amazon. The company operates fully online and also sells offline, including vet clinics, pet stores, and general trade retailers. Founded by Fahim Sultan in 2010, Drools operates six production facilities and has a warehousing footprint of 1.6 million square feet. The company distributes its products through 40,000 retail outlets in India and exports to 22 countries. It employs 3,400 people across its operations. Earlier in June 2023, Drools had raised $60 million in funding from private equity firm L Catterton at a valuation of $600 million. The round was one of the largest investments in the pet care industry in India. For the fiscal year ending in March 2024, Drools’ revenue from operations jumped 50% to Rs 714.90 crore from Rs 474.62 crore in FY23. The company however reported a net loss of Rs 14 crore in FY24 against Rs 27.65 crore profit in the previous fiscal year. Drools becomes the fourth startup to enter the unicorn club in 2025. Netradyne and Juspay reached the milestone in January and April, respectively, while Porter recently joined the list after raising $200 million in a Series E round at a valuation exceeding $1 billion.

L Catterton to pick up minority stake in pet-food company Drools for $60 million

Money Control

Money Control · 2y ago

L Catterton to pick up minority stake in pet-food company Drools for $60 million

Private equity firm L Catterton is set to acquire a minority stake in pet food company Drools for $60 million. The investment will enable Drools to expand its market presence and enhance its product offerings. L Catterton's investment highlights the growing interest in the pet food industry and the potential for further growth and development in the sector.

VCs sniff opportunity as petcare expands beyond food

Economic Times

Economic Times · 2m ago

VCs sniff opportunity as petcare expands beyond food

The petcare industry in India is booming, driven by increased pet adoption during the pandemic and the expansion of petcare services. This growth has attracted significant investment, with major firms like Nestlé investing in pet food brand Drools, making it a unicorn. Startups such as Supertails and Vetic are raising funds as the market, valued at $3.5 billion, is expected to double by 2028. Non-food pet products are experiencing rapid growth, surpassing traditional pet food sales.

Flipkart’s Q-Commerce Vertical Minutes To Out Run Rivals In Non-Metros: Drools’ Shashank Sinha

Inc42 · 1y ago

Flipkart’s Q-Commerce Vertical Minutes To Out Run Rivals In Non-Metros: Drools’ Shashank Sinha

The CEO of a pet food brand, Drools, believes Flipkart's quick commerce platform, Minutes, will be more successful than other similar services in smaller towns and cities. Despite the platform currently being limited to parts of Bengaluru, Drools has partnered with Flipkart's quick commerce arm. The CEO also mentioned that although they aim to take advantage of the quick commerce trend, 60% of the company's operations are still conducted offline.

Bottomline: Insitor, Aarin-backed Unitus' impact-oriented lending arm crosses $100 mn AUM

VCCircle

VCCircle · 1y ago

Bottomline: Insitor, Aarin-backed Unitus' impact-oriented lending arm crosses $100 mn AUM

Insitor, the impact-oriented lending arm of UC Inclusive Credit, has reached an asset under management (AUM) of over $100 million. The company, formed in 2019 and supported by investors like Aarin Capital and Unitus Capital, focuses on providing capital to social startups through different debt instruments. Despite its growth, UC Inclusive Credit maintains a strong asset quality.

Bottomline: Table Space's FY24 revenue crosses $100 mn mark but profit growth capped

VCCircle

VCCircle · 11m ago

Bottomline: Table Space's FY24 revenue crosses $100 mn mark but profit growth capped

Table Space, a company that provides fully developed and managed office spaces, has achieved a revenue of over $100 million in the financial year 2024. However, its net profit growth was limited during this period. Table Space is known for its premium shared amenities and is operated by Tablespace Technologies Pvt. Ltd.

Butternut Box Secures $354 Million in Funding for Subscription Dog Meals

Robots · 1y ago

Butternut Box Secures $354 Million in Funding for Subscription Dog Meals

Butternut Box, a UK-based startup specializing in healthy dog food, has raised £280 million ($354 million) in funding from General Atlantic and L Catterton. The company offers high-quality, customizable dog meals, snacks, and supplements, emphasizing pet nutrition and convenience. With plans for expansion across Europe, Butternut Box aims to address pet obesity concerns and meet the demand for healthier pet food options. The investment highlights the growth of the pet industry, with the broader pet food market expected to reach $100 billion by 2022.

Bottomline: PE-owned Vistaar’s AUM crosses $500 mn, NPAs stay under control

VCCircle

VCCircle · 5m ago

Bottomline: PE-owned Vistaar’s AUM crosses $500 mn, NPAs stay under control

Vistaar Financial Services Pvt. Ltd, backed by private equity firm Warburg Pincus, successfully grew its assets under management (AUM) to over $500 million while maintaining controlled non-performing assets (NPAs). This growth highlights the company's effective strategy in expanding its portfolio without compromising asset quality. Under the leadership of MD and CEO Avijit Saha, Vistaar Finance continues to demonstrate robust financial management and operational efficiency, marking a significant achievement in the non-bank lending sector.

L Catterton to step up India focus over 2 yrs

Livemint

Livemint · 1y ago

L Catterton to step up India focus over 2 yrs

Consumer-focused private equity fund L Catterton, backed by LVMH, plans to increase its investments in India over the next 12-24 months. The company is seeking opportunities in various consumer sub-segments and aims to write checks of $25-150 million for growth-stage startups. L Catterton has already invested in companies such as Reliance Jio Infocomm, Sugar Cosmetics, and Drools Pet Food. The firm is attracted to India's rapid economic growth, with 60% of the GDP driven by consumption. It is particularly interested in sectors like beauty, personal care, food and beverages, and travel.

India's Pet Care Boom: A ₹5,000 cr opportunity for MSMEs

Inshorts · 2m ago

India's Pet Care Boom: A ₹5,000 cr opportunity for MSMEs

India's pet care industry, valued at ₹5,000 crore and growing at 20% CAGR, offers immense opportunities for MSMEs and startups. Backed by ₹100+ crore in 2023 funding and government schemes, sectors like grooming, organic food, and pet tech are thriving, especially in Tier 2–3 cities making now the ideal time to invest.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.