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Funding · Healthcare & Life Sciences

Vetic raises $40 million led by Bessemer

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Date
Company
Vetic
What it does
Integrated pet healthcare platform
Kind
Funding
Amount
$40 Mn
Stage
Series D
Founded
2022
Sector
Healthcare & Life Sciences

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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