PepsiCo acquires Poppi

Consumer Staples · United States · $1.95B

PepsiCo completed its acquisition of prebiotic soda brand Poppi for $1.95B (including an estimated $300M of cash tax benefits) in May 2025, an exit for early backers including Electric Feel Ventures. Co-founder Allison Ellsworth remained with the brand as a creative advisor after the deal closed.