‏إظهار الرسائل ذات التسميات Vetic. إظهار كافة الرسائل
‏إظهار الرسائل ذات التسميات Vetic. إظهار كافة الرسائل

Vetic Raises in $40 Mn in Funding Round Led by Bessemer Venture Partners to Build Human-Grade Pet Healthcare

Vetic Raises in $40 Mn in Funding Round Led by Bessemer Venture Partners to Build Human-Grade Pet Healthcare
Gaurav Ajmera, Founder & CEO - Vetic

  • Vetic is India’s first fully connected pet healthcare platform and is redefining what pet care looks like in India and emerging markets.
Vetic, India’s largest and fastest-growing pet healthcare network, today announced the close of a $40 million funding round led by Bessemer Venture Partners (BVP), with participation from existing investors Greenoaks Capital, Lachy Groom, and JSW Family Office. Bessemer has been an investor in multiple earlier rounds as well.

Vetic integrates 65+ clinics across 11cities, 15 round-the-clock emergency facilities, vet at home services, e-pharmacy and pet supplies through a single connected platform.

There has been a fundamental shift in how India spends and in how it treats pets. They are part of the family. Yet when it comes to the wellbeing of a pet, whether it is when they fall ill, need diagnostic care or predictable medication supply, or have grooming needs, pet parents are forced to navigate a fragmented and unorganised system on their own, keeping them anxious and worried throughout. Vetic was founded to fix this.

Founded in 2022 by Gaurav Ajmera, Vetic was started after his own experience with his cat Simba, who needed 25–30 visits across five or six different vets just to get the correct diagnosis.

Vetic has built India’s most comprehensive pet healthcare ecosystem from the ground up. The company is backed by a network of over 250 veterinarians delivering care across in-clinic OPD, advanced diagnostics, and complex surgeries. To meet every pet health need under one roof, Vetic has expanded into vet at home services, pet insurance and wellness plans, an e-pharmacy delivering 300+ medicines across 700+ pincodes in 60 minutes, and quick commerce for 600+ pet products. Vetic currently has over 60,000 subscribed members.

This is built on Vetic’s proprietary operating system, capturing longitudinal health records for every pet from the very first visit and standardising care protocols across the entire network. Vetic has further leveraged AI across touchpoints which allows for more efficient triaging of pet parents from the first sign of a symptom, supporting veterinarians with diagnostic intelligence, and delivering proactive, personalised guidance through the Vetic app across a pet’s entire life journey. Together, this moves pet healthcare from reactive crisis management to continuous, always-on care.

The new funds will be used to scale Vetic’s clinic network and its veterinary team (in-clinic, home, and virtual care) to double the current capacity. They will also roll out Vet at Home services nationally within two quarters; deepening its pet insurance and wellness plan offerings; and investing significantly in technology and AI to make every layer of the pet health journey smarter, more connected, and more proactive.

"I started Vetic because of my pet Simba, who didn't receive quality care when he needed it most. Like mine, there are millions of families for whom pets are not 'just animals'. They are companionship during lonely years, emotional support through difficult times, comfort, joy, and family. Pet parents demand human-grade care, yet the systems built around pet care remain fragmented and mediocre. Vetic is building a connected system where consultations, clinics, medicines, diagnostics, insurance, recovery, and wellness all work together not just to improve efficiency, but to help people care better for the pets they love. Because our pets deserve human-grade care." said Gaurav Ajmera, Founder & CEO, Vetic. 

Every great consumer category in India needs one operator willing to do the unglamorous work of building high quality supply which scales with consistency. For pet care, that's Vetic. Gaurav and his team have turned a fragmented, doctor-led trade into a genuine consumer healthcare platform, with the unit economics and clinical standards to prove it. We're continuing to double down on the journey with them because category leaders compound, and Vetic is the category leader in this space. We're excited to see what comes next.” said Vishal Gupta, Partner, Bessemer Venture Partners

Pet Care Startup Vetic Raises $3.7 Mn in a Seed Funding Round

Pet Care Startup Vetic Raises $3.7 Mn in a Seed Funding Round

The Company plans to expand its existing footprint and launch a total of 15 clinics across Delhi NCR and Bangalore regions, by June 2023

The freshly infused capital will be further deployed towards boosting technological capabilities, establishing state-of-the-art medical infrastructure, and geographical expansion for the clinic’s network

Vetic, India's first tech-enabled chain of modern clinics focusing on overall pet health care, has raised USD 3.7 Million in a seed funding round led by Lachy Groom.

The round also saw participation from renowned angel investors including Utsav Somani (Partner, AngelList India), Nitin Saluja (Founder Chaayos), Ritesh Agarwal (CEO, OYO), Abhinav Sinha (COO OYO), Shiva Singh Sangwan (Founder,1947 Rise), Maninder Gulati (CSO OYO), Revant Bhate (CEO, Mosaic Wellness), Anuj Tejpal (CBO OYO), Revant Bhate (CEO, Mosaic Wellness), Abhishek Gupta (CFO OYO) and Manu Gupta (Founder, Blue Lion VC) amongst others.Started in August 2022 by Gaurav Ajmera (Ex-COO OYO & Ex-CBO Pristyn Care), Vetic aims to provide pets with best-in-class medical care, and convenience to pet parents for all other pet care needs like nutrition, wellness etc.

The freshly raised capital will be used by the company towards further bolstering technology, establishing state-of-the-art medical infrastructure, as well as the geographical expansion of Vetic’s clinic network across Delhi NCR and Bangalore regions.

Commenting on the Company’s vision and fundraise, Gaurav Ajmera, Founder, Vetic said, “Pet adoption in India is increasing at a fast rate, however, pet health care remains the biggest challenge for pet parents. The current pet healthcare ecosystem is plagued with subpar clinical and medical infrastructure with minimal technology adoption. Vetic believes that every pet should have access to the best medical care. We aim to deliver this through our network of tech-enabled modern pet clinics equipped with the latest medical infrastructure and experienced veterinary doctors. The latest round of funding will allow us to invest in building consumer-facing technological platforms and cutting-edge medical facilities.

Speaking on his investment in Vetic, Lachy Groom said, “Pet healthcare is going to experience the same disruption that personal healthcare has experienced over the last few decades. I believe Gaurav and the Vetic team will redefine the pet experience and build the leading pet healthcare brand in India."

The Start-up currently has 4 clinics in Gurgaon and plans to scale to 15 clinics across Delhi NCR and Bangalore regions by June 2023. Vetic recently launched Android & iOS mobile App, which enables seamless appointment booking and pet health record keeping, first of its kind in pet health care.

About Vetic

Vetic offers a full stack pet care experience through a combination of technology platform and network of physical clinics offering services ranging from OPD, In-house diagnostics, Surgeries, Emergency care, Grooming, Online consultation, Quick commerce and more. Vetic’s uniqueness lies in digitalization of the complete pet care journey using its mobile app and veterinary management system. For more information, please visit: https://vetic.in

The app is available for download at http://bit.ly/3ASEENt

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