Pet healthcare startup Vetic has secured $40 Mn (₹377.7 Cr) in a funding round led by existing investor Bessemer Venture Partners, with participation from Greenoaks Capital, Lachy Groom, and JSW Family Office.

The fresh capital will help Vetic to scale its clinic network, bolster its tech stack and double its veterinary team to 500 vets. The startup also intends to double down on pet insurance and wellness offerings. 

Besides, Vetic is also planning to roll out ‘Vet at Home’ services across India in the next two fiscal quarters.

Founded in 2022 by former Pristyn Care CBO Gaurav Ajmera, Vetic operates a chain of pet healthcare centres offering consultations, diagnostics and surgeries through a network of more than 250 veterinarians. 

The startup also provides at-home veterinary services, pet insurance and wellness plans, alongside an e-pharmacy and pet products delivery business. Vetic says it has over 60,000 subscribed members.

The digital operations of Vetic are built on its proprietary operating system, which captures and maintains longitudinal health records for every pet from the very first visit and standardising care protocols across the entire network. 

“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,” Ajmera said.

Prior to this funding round, the petcare startup raised $26 Mn in its Series C round last May.

The development comes at a time when the petcare segment has been largely booming, benefitting from the rising trend of pet parents in the country. The growing demand for pet healthcare services has led pet brands to extend their veterinarian services at the consumers’ convenience.

Betting on this burgeoning market space, the overall overall market for petcare in India is expected to hit ₹2.1 Lakh Cr by 2032. 

Investors are, thus, placing more bets on such businesses in recent times. For instance, earlier in February, Supertails raised $30 Mn (₹271.7 Cr) in its Series C round, while Dr. Doodley bagged $3.3 Mn (about INR 30 Cr) in its pre-Series A round, in a mix of equity and debt.

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