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Drools turns unicorn after Nestle's bet

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Nestle has acquired a minority stake in Drools, valuing the Indian pet food startup at $1 billion, making it a unicorn. This investment occurs amidst a surge in India's pet care market, driven by millennial and Gen Z pet parents. Drools, backed by L Catterton, competes with global and local brands like Mars PetCare and Heads Up For Tails.

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