Vetic Raises $3.7 Mn in Seed Funding
Vetic, a tech-enabled chain of modern clinics focusing on overall pet health care, raises $ 3.7 million in a seed funding round led by Lachy Groom.
Vetic was started by Gaurav Ajmera (Ex-COO OYO and Ex-CBO Pristyn Care) in August 2022. The clinic provides pets with best-in-class medical care and convenience to pet owners for all other pet care needs like nutrition and wellness.
The fund will be used for bolstering technology, establishing state-of-the-art medical infrastructure, as well as the geographical expansion of Vetic's clinic network across Delhi NCR and Bangalore.
Gaurav Ajmera, Founder of Vetic, commented on the Company's vision and fundraising "Pet adoption in India is increasing at a fast rate; however, pet health care remains the biggest challenge for pet parents. The current pet healthcare ecosystem is plagued with subpar clinical and medical infrastructure with minimal technology adoption. Vetic believes that every pet should have access to the best medical care. We aim to deliver this through our network of tech-enabled modern pet clinics equipped with the latest medical infrastructure and experienced veterinary doctors. The latest round of funding will allow us to invest in building consumer-facing technological platforms and cutting-edge medical facilities."
Renowned angel investors participated in the round, including Utsav Somani (Partner, AngelList India), Nitin Saluja (Founder Chaayos), Ritesh Agarwal (CEO, OYO), Abhinav Sinha (COO OYO), Shiva Singh Sangwan (Founder,1947 Rise), Maninder Gulati (CSO OYO), Revant Bhate (CEO, Mosaic Wellness), Anuj Tejpal (CBO OYO), Revant Bhate (CEO, Mosaic Wellness), Abhishek Gupta (CFO OYO) and Manu Gupta (Founder, Blue Lion VC) amongst others.
Regarding the investment in Vetic, Lachy Groom states, "Pet healthcare is going to experience the same disruption that personal healthcare has experienced over the last few decades. I believe Gaurav and the Vetic team will redefine the pet experience and build India's leading pet healthcare brand."
Vetic has four clinics in Gurgaon and aims to have 15 clinics across Delhi NCR and Bangalore by June 2023. Vetic recently launched a mobile App, the first of its kind in pet health care, which offers appointment booking and pet health record keeping.
(Edited by Rajeev Pillai)