Emami acquires 30% stake in pet care startup Cannis Lupus Services | Mint – Mint

• Emami states with increasing awareness of the overall health benefits that natural products offer, consumers today are more inclined to use such natural and ayurvedic products.

Personal care and healthcare company, Emami on Thursday announced a strategic stake acquisition in pet care startup, Cannis Lupus Services India. Emami has acquired a 30% stake in the startup, in line with its strategy. It is believed that pet care segment in India is witnessing rapid growth. Cannis Lupus offers ayurvedic/herbal remedies under the brand ‘Fur Ball Story’. Emami states with increasing awareness of the overall health benefits that natural products offer, consumers today are more inclined to use such natural and ayurvedic products.
Harsha V Agarwal, Vice Chairman & Managing Director, Emami Ltd said, “We are delighted to announce our partnership with Cannis Lupus. Pet care segment in India is witnessing rapid growth. With rising disposable income, more number of people are getting house pets, especially dogs.”
Agarwal added, “Further, with increasing awareness of the psychological & physical benefits of having a pet at home, people have started gradually identifying themselves as ‘pet parents’ rather than being just ‘pet owners’. They are also looking for best treatments for common ailments faced by their pet children, especially in the form of ayurvedic and herbal remedies.”
The “Fur Ball Story” brand offers unique Ayurvedic products for the well-being of the pets and meets the emerging consumer needs and aspirations.
On the development, Animesh Katiyar, Founder, Cannis Lupus Services India Private Ltd said, “We are excited to have Emami Limited on board with us. I have closely been associated with pets since long and am extremely passionate about them. The mindset of people in India is changing fast from being just pet owners to pet parents and as a result, they are today more concerned of their pet-children’s well-being. Animals in their natural habitat heal themselves with whatever is available in nature. This is a natural process. However, the products available in the market currently are full of toxic chemicals, which harm the pets in the long run.”
“Fur Ball Story is our attempt to address this problem by providing Ayurvedic solutions for common ailments to house pets, especially dogs,” Katiyar added.
In its regulatory filing, Emami highlighted that chemical-free products which are good for humans are also good for pets. This preference for ‘wellness products’ gets naturally extended to the house pets who are an integral part of a family. The extensive knowledge and experience of pet care and pet training acquired by Cannis Lupus over the years would help develop and scale up the business soon.
Cannis Lupus under the brand “Fur Ball Story” would thus be focusing on the fast-growing pet care segment with its Ayurvedic range of solutions for common and recurrent ailments in pets, especially dogs, Emami added.
On BSE, Emami shares closed at ₹471.05 apiece down by 0.45%. Its market cap is around ₹20,938.82 crore.
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