Precious Paws- today and every day!
As we complete 18 years and will celebrate our July – August issue which will be our 19th anniversary issue and also our 115th issue, I cannot help but sniff down memory lane- the initial visits to our partners- vets, stores, events, fairs, exhibitions, learning programme etc and what is remarkable the continuous evolution of pet parenting and pet partners to greater heights. Passionate people from respective fields have worked together to make it a better world for pets- diagnostics, health care equipment, grooming, celebrity endorsements,stores where you can find everything that your dear Family Paw-needs, wants and can get pampered with. Pets are family and this is reinforced by our passionate pet parents who want the best for their pets and the industry who comes together for their wellness and wellbeing.
LCatterton, a leading global consumer-focused investment firm, announced that it has invested around $60 million in Drools Pet Food Private Limited. This builds on the firm’s longstanding track record of growing pet food businesses across the world and marks its first foray into the sector in India. The market is expected to grow by approximately 20% annually over the next five years to reach over $1.2 billion in 2028. Founder Fahim Sultan shares, “We believe that partnering with L Catterton will enable us to enhance our position in the market as we continue our journey towards positively impacting the pet food sector. India’s developing pet market continues to mature across metros, as well as Tier 1 and Tier 2 cities, and we see many more years of secular growth ahead.”Dr Shashank Sinha, Chief Executive Officer (CEO) further added, “We are thrilled to have secured this funding, which will play a vital role in driving our company’s growth and expansion strategies. With the support of our new partner, we will strengthen our production capabilities, expand our retail footprint, and invest in strategic marketing initiatives. This investment reflects the confidence in our business model and our commitment to providing superlative pet food products to our customers.”
Meanwhile Zigly celebrate its 15 stores across 5 cities and Heads Up for Tails has opened its largest experience centre in Amritsar. So, pamper your paws and join us on our Facebook and Instagram pages to celebrate our Precious Paws- today and every day!
Shweta
shwetadew02@gmail.com