.png)
.png)
Total amount raised
$46M
Latest funding date
2025-05-10
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.
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 A
- Amount Raised: Undisclosed
- Date: October 2023
- Lead Investors: Undisclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Proceeds were directed toward expanding Vetic's clinic network and scaling its technology platform.
- Series B
- Amount Raised: Undisclosed
- Date: May 2024
- Lead Investors: Undisclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Proceeds were directed toward further clinic expansion and operational scaling across India.
- Series C Round
- Amount Raised: $26,000,000 (INR 224 crore)
- Date: May 2025
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Approximately $113 million (INR ~960 crore) post-money
- Motivation Behind the Round: Funding aimed at further expanding Vetic's network of clinics and enhancing comprehensive pet health care services across India.
Total Amount Raised: At least $29,700,000 based on disclosed funding rounds (Seed: $3.7M + Series C: $26M); Series A and Series B amounts are undisclosed. Multiple sources indicate total funding exceeds $45 million. Current Valuation: Approximately $113 million (post-Series C).
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. Lead investor in Vetic's Series C round (contributing INR 152 crore).
- 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 led Vetic's seed round and also participated in the Series C round through his fund LGF3 (contributing INR 42.7 crore).
- Investment Focus Areas: Technology, healthcare, fintech.
- Notable Investments: Not publicly disclosed.
- Acorn Capital
- Details: Acorn Capital (also referenced as Acorn Heavy Industries) was the largest external stakeholder in Vetic prior to the Series C round and continued participation in the Series C.
- Investment Focus Areas: Early-stage and growth-stage startups.
- Notable Investments: Not publicly disclosed.
- JSW Ventures
- Details: JSW Ventures is the venture capital arm of the JSW Group, one of India's leading conglomerates. JSW Ventures participated in Vetic's Series C round.
- Investment Focus Areas: Technology, consumer, healthcare, and enterprise startups in India.
- Notable Investments: Multiple Indian technology and consumer startups.
- Utsav Somani
- Details: Utsav Somani is a partner at AngelList India, where he focuses on early-stage investments. He participated in Vetic's seed round.
- Investment Focus Areas: Early-stage startups, technology, innovation.
- Notable Investments: Multiple early-stage tech startups through AngelList India.
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.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data on companies like Vetic and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.
