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

EntrackrEntrackr · 4m ago
Pet food brand Drools claims unicorn status after minority stake by Nestlé
Medial

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.

Lifechart’s Guttify secures $360K from Unichem Labs’ Family Office

EntrackrEntrackr · 5m ago
Lifechart’s Guttify secures $360K from Unichem Labs’ Family Office
Medial

Lifechart’s Guttify secures $360K from Unichem Labs’ Family Office Lifechart, a health-tech startup focused on gut wellness, has raised $360,000 in an extended seed round for its gut health brand Guttify, led by Prajay Advisors, the family office of the founders of Unichem Labs, Prakash Mody and Jayendra Shah. This $360K raise follows a $500K seed round in October 2024, backed by Expert Dojo, Agility Ventures, Sunn91 Ventures, government seed schemes, and angels like Nitish Mittersain and Ahana Gautam—bringing Lifechart’s total funding to over $1 million. Co-founded in 2022 by Mukul Shah and Mansi Sharma, Guttify is a gut health brand designed for India’s urban population (tier I and III cities), and it adopts a diagnosis-first approach. It offers DIY at-home gut testing kits and clinically validated solutions that combine modern science with herbal methods. Its first product, a pH saliva testing kit for acidity, is already live, with more kits priced as low as Rs 99 set to launch in the coming months. Guttify aims to empower every Indian with accessible, accurate, and personalized gut health solutions—grounded in science, enabled by technology, and inspired by Ayurveda. Lifechart and Guttify aspire to build a full-stack science-backed gut wellness ecosystem to address the urgent and widespread gut health crisis in India. According to market research, the Indian gut wellness market is projected at $18 billion and over 60% of the Indian population suffers from digestive issues.

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