PepsiCo Inc. announced Monday plans to acquire the Shark Tank-inspired probiotic soda brand poppi in a nearly $2 billion deal. "We've been evolving our food and beverage portfolio over many years, including by innovating with our brands in new spaces and through disciplined,

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 said Monday it would buy prebiotic soda brand Poppi for $1.95 billion, expanding in the “healthier soda” category at a time when the company is battling falling demand for its traditional beverages and snacks. Shares of PepsiCo were up 1.5% in morning trading.