PepsiCo said Monday it’s acquiring the prebiotic soda brand Poppi for $1.95 billion. The acquisition gives PepsiCo a fast-growing brand in the popular functional beverage category.

PepsiCo is buying Poppi, the popular prebiotic soda brand, in a $1.65 billion deal. The move marks PepsiCo’s further shift into the “better for you” category as consumers shy away from sugar ...

PepsiCo is purchasing prebiotic soda maker Poppi for $1.95 billion. The transaction is subject to regulatory approval. The CPG giant said the brand, which saw $500 million in sales last year, ...