In a series B round of undisclosed size alongside consumer-focused private equity firm Catterton Partners, Pepsico increased its stake in One Natural Experience a year after first investing.
Drinks company Pepsico has increased its corporate venturing stake in coconut water supplier One Natural Experience to majority control.
In a series B round of undisclosed size alongside consumer-focused private equity firm Catterton Partners, Pepsico increased its stake a year after first investing.
Massimo d’Amore, chief executive of PepsiCo Beverages Americas, said: "Coconut water is one of the fastest growing categories in the US beverage market.
"Since we first invested in One, just over a year ago, the company…
