Total amount raised
$1.3 Million
Latest funding date
9/1/2023
Location
Sploot has successfully raised funding through two rounds, with notable investors including Info Edge, Sanjay Singh, and Redstart Labs. The platform is dedicated to enhancing pet parenting by offering services such as daily dog walking, at-home grooming, and fresh meals for dogs.
Keep reading to explore the intricacies of Sploot's fundraising journey and the investors backing this innovative platform.
What Is Sploot?
Sploot is a community-led platform dedicated to enhancing pet parenting, primarily focusing on dog care. The company offers a comprehensive app that provides services such as daily dog walking, at-home grooming, and fresh meals for dogs. Sploot aims to create happier and healthier lives for pets by simplifying the daily responsibilities of dog parenting.
Founded in Gurgaon, Haryana, India, Sploot operates within the Consumer Applications, Health Care, and Pet industries. The company has a team of 11-50 employees and serves dog parents across multiple cities in India, including New Delhi, Mumbai, and Hyderabad. With over 100K app downloads, Sploot has established a significant presence in the pet care market.
How Much Funding Has Sploot Raised?
- Seed Round (2022)
- Amount Raised: USD 500,000
- Date: May 2022
- Lead Investors: Redstart Labs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the early-stage development and growth of Sploot, recognizing the potential in the pet care market.
- Seed Round (2023)
- Amount Raised: USD 800,000
- Date: September 2023
- Lead Investors: Redstart Labs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Sploot's services, including dog walking, grooming, and ready-to-feed dog food, as well as to embark on territorial expansion.
Total Amount Raised: USD 1,300,000. Current Valuation: Not publicly disclosed.
Key Investors
- Info Edge (via Redstart Labs)
- Details: Info Edge is a prominent internet company in India, known for operating several popular websites. Redstart Labs is its subsidiary focused on investing in startups.
- Investment Focus Areas: Internet-based businesses, technology startups.
- Notable Investments: Naukri.com, 99acres.com, Zomato.
- Akshay Chaturvedi
- Details: Akshay Chaturvedi is the founder and CEO of LeverageEdu and Fly, and an active angel investor.
- Investment Focus Areas: Education technology, related sectors.
- Notable Investments: LeverageEdu, Fly.
- Yatish Talvadia
- Details: Yatish Talvadia is a serial entrepreneur and angel investor with a focus on early-stage startups.
- Investment Focus Areas: Various startups, likely technology and innovation.
- Notable Investments: Not specifically mentioned.
- Sanjay Singh
- Details: Sanjay Singh is a former member of PayTM and an active angel investor.
- Investment Focus Areas: Technology, financial services.
- Notable Investments: PayTM (as a former member).
- Mukul
- Details: Mukul is an angel investor and former member of Adobe, participating in various early-stage investments.
- Investment Focus Areas: Technology, software.
- Notable Investments: Adobe (as a former member).
What's Next for Sploot?
Sploot is poised for significant growth, with opportunities to expand its services like dog walking, grooming, and ready-to-feed dog food. The Indian pet care market, valued at over USD 500 million and growing at 20% annually, offers a substantial opportunity for Sploot to capture a larger market share.
Future fundraising seems promising, given the rapid market growth and Sploot's successful seed rounds. The company may attract more investors to support its expansion plans. However, challenges such as scaling operations, maintaining service quality, and facing competition from other providers could pose hurdles along the way.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Sploot and gather other critical business insights.
Sign up for free to start exploring the wealth of information available at your fingertips and drive your sales success to new heights.
