In a move that underscores growing investor confidence in India’s petcare industry, Vetic has secured $26 million (INR 224 crore) in a Series C funding round led by global investment firm Bessemer Ventures, with participation from LGF3 (founded by Lachy Groom), Acorn Heavy Industries, and JSW Ventures.
According to documents filed with the Registrar of Companies (RoC), Vetic’s board approved the issuance of 34,746 Series C preference shares at a price of INR 64,517.5 each.
Bessemer Ventures led the round with an investment of INR 152 crore, followed by LGF3 with INR 42.7 crore, while Acorn Heavy Industries, JSW Ventures, and Reed India contributed the remaining amount.
As reported by Entrackr, Vetic’s valuation surged to INR 960 crore ($113 million) post-allotment—doubling its previous valuation.
Headquartered in Gurugram, Vetic offers a comprehensive range of petcare services, including veterinary consultations, telehealth, vaccinations, surgeries, physiotherapy, and grooming. The startup claims to have served over 100,000 pets across more than 40 centers throughout India.
Prior to this round, Vetic had raised over $45 million in previous funding rounds. According to startup data platform TheKredible, Acorn Heavy Industries was the largest external investor, followed by Bessemer Ventures.
While the company has not yet disclosed its financials for FY2025, it reported a 4.75x year-over-year growth in revenue for FY2024, reaching INR 26.6 crore, with losses amounting to INR 40.2 crore.
The Indian petcare market continues to gain traction, with Vetic competing against notable players such as Supertails (raised $15 million in 2024), Wiggles, Heads Up For Tails, and Dogsee Chew, which raised $8 million in a Series B round earlier this year.
