L Catterton pumps $60 million into pet food maker Drools at $600 million valuation

L Catterton, a private equity fund backed by Paris-based luxury products giant Moët Hennessy Louis Vuitton, commonly known as LVMH, has invested about $60 million in Drools Pet Food, a Bengaluru-based company.

The deal values the 2010-founded pet food maker at $600 million, the company said in a statement.