Funding · Healthcare & Life Sciences
Vetic raises $40 million led by Bessemer
By Startup Enthusiast ·
- Date
- Company
- Vetic
- What it does
- Integrated pet healthcare platform
- Kind
- Funding
- Amount
- $40 Mn
- Stage
- Series D
- Founded
- 2022
What they do
Vetic operates a connected pet healthcare network with clinics and home services
What happened
The company plans to double its veterinary team
Why it matters
Revenue grew 2.5 times to ₹62.9 Cr despite rising operational losses
The details
- Vetic has closed a $40 Mn funding round for its pet healthcare operations.
- Bessemer Venture Partners led the investment as the primary backer of this deal.
- Existing investors including Greenoaks Capital and JSW Family Office participated in the round.
- Founder Gaurav Ajmera established the company in 2022 after personal pet care experiences.
- The startup plans to use funds to expand its clinic network across India.
- Vetic aims to double its veterinary staff to 500 vets within two quarters.
- The company will roll out its Vet at Home service nationally using new capital.
- Investments will also focus on deepening insurance offerings and advancing AI technology.
The bigger picture
- India's petcare market is projected to reach ₹2.1 Lakh Cr by 2032.
- Vetic demonstrates strong revenue growth of 2.5X year-over-year in FY25.
- The company serves over 60,000 subscribed members across its ecosystem.
- This follows a previous $26 Mn Series C raised just one year prior.
- The sector attracts significant venture capital due to high consumer spending trends.
About the business
- Vetic integrates clinics, diagnostics, surgeries, and home services into one platform.
- It operates 65+ clinics across 11 cities in India.
- The network includes 15 round-the-clock emergency facilities for urgent care.
- Over 250 veterinarians deliver OPD, diagnostics, and complex surgical procedures.
- Services include virtual care, in-clinic visits, and specialized home appointments.
- An e-pharmacy delivers 300+ medicines to 700+ pincodes within 60 minutes.
- Quick commerce options provide access to 600+ pet products rapidly.
- The platform offers pet insurance and wellness plans to subscribers.
- A proprietary OS captures longitudinal health records for every pet patient.
What happens next
- Scale the clinic network to more cities across India.
- Double vet capacity to 500 veterinarians within two quarters.
- Roll out Vet at Home services nationwide.
- Deepen insurance and wellness product offerings for pets.
- Invest heavily in technology and artificial intelligence capabilities.
The deal
- Type
- fundraise
Investors
- Bessemer Venture Partners (lead) — Global venture capital firm backing early-stage technology companies.
- Greenoaks Capital (participated) — Investment firm focused on technology and media sectors.
- JSW Family Office (participated) — Private investment arm of the JSW Group conglomerate.
Founders
- Gaurav Ajmera, Founder and CEO
About Vetic
- Product
- Omnichannel pet healthcare platform combining clinics, emergency care, diagnostics, surgeries, telehealth, insurance and pharmacy
- Customers
- Pet owners seeking comprehensive, accessible veterinary care across India
- How it makes money
- Subscription-based wellness plans, insurance, fee-based veterinary services and pet supplies sales
- What sets it apart
- Integrated network with standardized care protocols and AI tools across clinics, emergency facilities and home services
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