Pet care startup Vetic raises $3.7 million in seed funding

Tech-enabled pet care startup Vetic said on Wednesday that it has raised $3.7 million in a seed funding round led by investor Lachy Groom. The round also saw participation by renowned angel investors, including Utsav Somani (partner, AngelList India), Nitin Saluja (founder Chaayos), Shiva Singh Sangwan (founder, 1947 Rise), Revant Bhate (CEO, Mosaic Wellness), and Manu Gupta (founder, Blue Lion VC).

A clutch of Oyo CXOs — Ritesh Agarwal (CEO), Abhinav Sinha (COO), Abhishek Gupta (CFO), Maninder Gulati (CSO), and Anuj Tejpal (CBO) — also invested in the tech-first startup.

Launched in August 2022 by Gaurav Ajmera (ex-COO Oyo and ex-CBO Pristyn Care), Vetic aims to provide medical care for pets, and all other pet care needs, such as nutrition, wellness etc.

The startup will use the capital to bolster its technology, establish state-of-the-art medical infrastructure, and expand its network of clinics. Vetic has four clinics in Gurgaon and plans to scale this to 15 across Delhi-NCR and Bengaluru by June 2023.
“Pet adoption in India is increasing at a fast rate. However, pet health care remains the biggest challenge for pet parents. The current healthcare ecosystem is plagued with subpar clinical and medical infrastructure with minimal technology adoption. We aim to deliver this through our tech-enabled pet clinics,” said Ajmera.

He added that the funding will allow the startup to invest in building consumer-facing technological platforms and cutting-edge medical facilities.

Discover the stories of your interest



“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,” said Lachy Groom.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.