PepsiCo acquires Poppi

PepsiCo agreed to acquire Poppi. Reported deal value: Undisclosed. Status: Announced. Sector: functional beverages. Target headquarters context: Austin, Texas, United States.

This page summarizes publicly available information about the transaction as of 2026-03-11. Figures and status may change as filings and press coverage update.

acquires Poppi for $1.95 billion , marking one of the largest functional beverage exits ■ Founder Allison Ellsworth built the brand from Shark Tank rejection to unicorn status using TikTok-first marketing ■ The deal proves VCs wrong about beverage startups, challenging assumptions about thin margins and distribution barriers ■ PepsiCo just made its biggest functional beverage bet yet, acquiring prebiotic soda brand Poppi for $1.95 billion