Vetic, a burgeoning pet care startup based in Gurugram, has successfully raised $40 million in a funding round led by Bessemer Venture Partners. This investment will significantly bolster the company's expansion plans, allowing it to open 25 new clinics across major Indian cities over the next year.
The funding round also saw participation from existing investors including Greenoaks Capital, Lachy Groom, and JSW Ventures. Following this round, Vetic's valuation has surged to between $130 million and $140 million, a notable increase from $55 million in 2024.
Expansion Plans
Vetic aims to enhance its clinic network in key markets such as Delhi-NCR, Bengaluru, Mumbai, Pune, Hyderabad, Chennai, and Kolkata. The founder and CEO, Gaurav Ajmera, emphasized that the primary focus of the new capital will be on strengthening the platform by integrating various pet care services.
Integrated Services
The company plans to create a unified ecosystem that combines consultations, diagnostics, pharmacy, grooming, memberships, and insurance. A significant portion of the investment will be directed towards building and scaling this technological infrastructure.
Current Operations
Founded in 2022, Vetic currently operates over 65 clinics across 11 cities, including 15 emergency facilities. The startup also offers vet-at-home services, e-pharmacy, and pet supplies, delivering products within 60 minutes across 1,200 pincodes.
Market Context
Vetic's growth comes amid a booming pet care sector in India, which has attracted significant venture capital interest post-Covid. The company reported revenues of Rs 66.6 crore in FY25, a substantial rise from Rs 26.5 crore in FY24, although it also faced net losses of Rs 65.6 crore.
Future Outlook
With the recent funding, Vetic is poised to transform the fragmented pet care market in India by providing a comprehensive suite of services on a single platform. This move is expected to enhance convenience for pet owners, who often juggle multiple providers for different services.
