FundComb
Estimated Control (45%) Closed Transaction verified ConsumerFood & BeverageFunctional Beverages

poppi acquired by PepsiCo

PepsiCo acquired poppi, an US functional beverages brand on Mar 17, 2025. The transaction value is shown as USD 1.6bn. The current comp implies EV / revenue of 3.3x. Public sources confirm the deal; valuation inputs may include estimates where transaction materials do not disclose the full economics.

Transaction summary

Target
poppi
Acquirer
PepsiCo
Seller
-
Announced
2025-03-17
Geography
United States
Tags
ConsumerFood & BeverageFunctional Beverages
Type
Acquisition
Deal type
Control
Stake acquired
45%
First added
2026-08-11
Latest update
2026-08-11

Value and multiples

Price / value

USD 1.6B

Net Purchase Price | USD

Basis: Public source

EV / revenue

3.3x

Period: varies by source

Basis: Derived from source data

EV / EBITDA

-

EBITDA basis not stated

Basis: FundComb estimate

Basis

  • USD 1.6bn net purchase price is treated as publicly disclosed or derived directly from public source data.
  • Implied EV / revenue is 3.3x, calculated from USD 1.6bn value and USD 500m revenue.
  • Revenue and multiple inputs are not fully disclosed in public transaction materials reviewed; treat the multiple as an estimate.
  • The metric bundle combines reviewed sources. FundComb retains source attribution separately for each populated field.

Other reviewed estimates

Transaction comps can involve reported or estimated figures from different sources. FundComb uses the values above as the current canonical comp, while preserving prior reviewed estimates below for context.

The Information reported that 2024 sales surpassed USD 500m but did not clarify net-revenue versus retail-sales basis; the stored amount is a floor and 3.30x is an upper-bound sales multiple.
Revenue USD 500m | EV / revenue 3.3x
Open evidence

Source summary

PepsiCo to Acquire poppi

Confirmed

PepsiCo to Acquire poppi, a Fast-Growing Prebiotic Soda Brand

Open source

PepsiCo to Acquire poppi

Confirmed

$1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion.

Open source

PepsiCo 2025 Annual Report

Confirmed

On May 19, 2025, we acquired poppi, a fast-growing prebiotic soda brand, for $1.95 billion in cash.

Open source

PepsiCo completes acquisition of poppi

Estimated

PepsiCo closed the acquisition for a net purchase price of $1.65 billion after anticipated cash tax benefits.

Open source

PepsiCo fourth-quarter 2025 prepared remarks

Estimated

poppi delivered 2025 estimated retail sales of nearly $745 million, an increase of more than 45 percent versus 2024.

Open source

PepsiCo in Talks to Acquire Poppi

Estimated

Poppi surpassed $500 million in sales in 2024, The Information previously reported, and the company is profitable.

Open source