Total amount raised
$3.7 Millions
Latest funding date
Location
Vetic has successfully raised funding through multiple rounds, with notable investors including Lachy Groom and Shiva Singh Sangwan. The company focuses on providing advanced, human-grade healthcare for pets through its network of over 40 clinics.
Keep reading to explore the intricacies of Vetic's fundraising journey and the investors backing this innovative platform.
What Is Vetic?
Vetic, founded in 2022, is based in Gurgaon, Haryana, India. The company was established by Gaurav Ajmera and has grown to employ between 101-250 people.
Vetic operates a network of state-of-the-art clinics that provide comprehensive pet healthcare services. These services include vaccinations, grooming, surgery, and maintaining hygienic clinics.
With a focus on human-grade healthcare for pets, Vetic aims to offer attentive and caring services through its dedicated staff.
How Much Funding Has Vetic Raised?
- Funding Round: Seed
- Amount Raised: $3.7M
- Date: November 2022
- Lead Investors: Lachy Groom
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology, establish advanced medical infrastructure, and expand Vetic's clinic network across Delhi NCR and Bangalore regions.
Total Amount Raised: $3.7M. Current Valuation: Not publicly disclosed.
Key Investors
- Lachy Groom
- Details: Lachy Groom is a prominent individual investor known for his early involvement in several successful tech startups. He led the seed funding round for Vetic.
- Investment Focus Areas: Technology, disruptive healthcare.
- Notable Investments: Not specified.
- Utsav Somani
- Details: Utsav Somani is a partner at AngelList India, focusing on early-stage investments. He has been instrumental in bringing AngelList's syndicate model to India.
- Investment Focus Areas: Early-stage startups, technology.
- Notable Investments: Not specified.
- Nitin Saluja
- Details: Nitin Saluja is the founder of Chaayos, a popular tea café chain in India. He has a background in engineering and entrepreneurship.
- Investment Focus Areas: Food and beverage, 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 started OYO at the age of 19.
- Investment Focus Areas: Hospitality, technology.
- Notable Investments: OYO.
- Shiva Singh Sangwan
- Details: Shiva Singh Sangwan is the founder of 1947 Rise, a platform that supports early-stage startups. He is known for his strategic insights and mentorship.
- Investment Focus Areas: Technology, startups.
- Notable Investments: 1947 Rise.
What's Next for Vetic?
Vetic's future looks promising as it plans to expand its clinic network from 4 to 15 clinics by June 2023, focusing on Delhi NCR and Bangalore. This growth is driven by the increasing demand for high-quality pet healthcare services and the rising adoption of technology in the industry. The launch of Vetic's mobile app for appointment booking and health record keeping further enhances its service offerings.
As Vetic scales, it may seek additional funding to support its ambitious expansion plans. The involvement of high-profile investors in the seed round suggests strong potential for future investment rounds. However, Vetic will need to navigate challenges such as maintaining consistent quality of care across all clinics and ensuring the adoption of new technologies by pet parents and veterinary professionals.
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