Total amount raised
$3.7 Million
Latest funding date
11/1/2022
Location
Vetic has successfully raised funds over two rounds, with the latest being a Series C round. The company is backed by 16 investors, including Acorn Capital and Bessemer Venture Partners.
Keep reading to explore the intricacies of Vetic's fundraising journey and the investors backing this innovative platform.
What Is Vetic?
Vetic is a network of cutting-edge clinics focused on comprehensive pet health care. The company operates in the Health Care, Pet, and Veterinary industries and is located in Gurgaon, Haryana, India. Vetic has a workforce of 101-250 employees.
Founded to provide human-grade healthcare for pets, Vetic offers a range of services including grooming, medical care, diagnostics, surgery, and emergency care. The company operates multiple clinics across major cities in India and emphasizes convenience through its mobile app, which allows for appointment booking, health record management, and product delivery.
How Much Funding Has Vetic Raised?
- Seed Round
- Amount Raised: $3,700,000
- Date: November 2022
- Lead Investors: Lachy Groom
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were used to enhance technology, establish advanced medical infrastructure, and expand Vetic's clinic network across Delhi NCR and Bangalore.
- Series C Round
- Amount Raised: $27,200,000
- Date: May 2025
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were likely aimed at further expanding Vetic's network of clinics and enhancing their comprehensive pet health care services.
Total Amount Raised: $30,900,000. Current Valuation: Not publicly disclosed.
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a prominent venture capital firm with a long history of investing in innovative companies. They have a global presence and a diverse portfolio across various industries.
- Investment Focus Areas: Technology, healthcare, financial services, consumer products, enterprise software.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- Lachy Groom
- Details: Lachy Groom is an individual investor known for his early-stage investments in technology startups. He has a background in product management and has been involved in several successful ventures.
- Investment Focus Areas: Technology, healthcare, fintech.
- Notable Investments: Not publicly disclosed.
- Utsav Somani
- Details: Utsav Somani is a partner at AngelList India, where he focuses on early-stage investments. He has been instrumental in bringing AngelList's syndicate model to India.
- Investment Focus Areas: Early-stage startups, technology, innovation.
- Notable Investments: Multiple early-stage tech startups through AngelList India.
- Nitin Saluja
- Details: Nitin Saluja is the founder of Chaayos, a popular tea café chain in India. He has a strong background in the food and beverage industry.
- Investment Focus Areas: Food and beverage, consumer services, technology.
- Notable Investments: Chaayos.
- Ritesh Agarwal
- Details: Ritesh Agarwal is the CEO of OYO, one of the world's largest and fastest-growing hospitality chains. He is known for his entrepreneurial spirit and innovative approach to business.
- Investment Focus Areas: Hospitality, real estate, technology.
- Notable Investments: OYO.
What's Next for Vetic?
Vetic is poised for significant growth as it expands its clinic network across Delhi NCR and Bangalore. With plans to increase from four to fifteen clinics by mid-2023, the company is tapping into the rapidly growing pet healthcare market in India. This expansion is supported by the increasing pet adoption rates and the rising demand for advanced pet healthcare services.
Future fundraising opportunities are likely as Vetic continues to scale its operations and enhance its technological capabilities. The company may attract additional investment to support further growth and development, potentially leading to new rounds of funding or strategic partnerships. However, Vetic will need to navigate challenges such as competition from other pet care providers and maintaining high standards of medical care and infrastructure.
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