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PepsiCo has announced its acquisition of Poppi, a rapidly growing prebiotic soda brand, for $1.95 billion. This strategic move aims to strengthen PepsiCo's presence in the functional beverage market, catering to the increasing consumer demand for healthier drink options.
Founded in 2015 by Allison and Stephen Ellsworth, Poppi began as Mother Beverage, gaining initial attention after a successful appearance on the television show "Shark Tank" in 2018. The brand rebranded to Poppi in 2020, focusing on offering low-calorie sodas infused with prebiotics, fruit juice, and apple cider vinegar to promote gut health. Poppi's products are available. . .
