PepsiCo Reportedly Nearing $1.5 Billion Deal To Acquire Prebiotic Soda Brand Poppi

PepsiCo is reportedly in advanced talks to acquire Poppi, the buzzy prebiotic soda brand, in a deal worth over $1.5 billion, according to Bloomberg News via Yahoo Finance. The acquisition could be finalized as early as next week, though details are still subject to change.

Founded by Allison and Stephen Ellsworth, Poppi has gained a loyal following for its gut-healthy sodas infused with apple cider vinegar and prebiotics. With the wellness beverage category booming, the deal aligns with PepsiCo’s ongoing shift toward functional drinks and better-for-you products.

PepsiCo has been steadily expanding its portfolio with health-conscious acquisitions. Last October, the company purchased Siete Foods, a Mexican-American brand known for its grain-free snacks, for $1.2 billion (MarketWatch). With Poppi on deck, PepsiCo is doubling down on its strategy to tap into the growing demand for functional beverages.

Both PepsiCo and Poppi have yet to officially comment on the potential acquisition.