Global consumer-focused investment firm L Catterton has invested $60m in Indian pet food company Drools. It is the firm's first entry into the Indian pet food market, which could reach $1.2bn by 2028, with a projected annual growth rate of 20%. Drools was founded in 2010 and its portfolio includes brands such as Pure Pet, Meat Up, Canine Creek, and Kitty Yum.
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