Nestle India has initiated talks to invest in Drools Pet Food Pvt Ltd as it looks to double down on the food and beverage (F&B) industry, DealStreetAsia has learnt.
“Talks have just begun, so a lot of things are still fluid,” said a source, adding that the proposed investment could be routed through Nestle Ventures, the corporate venture capital (CVC) arm of the FMCG major.
