Pet clinic chain Vetic secures $40 million to double clinic network across India
Vetic, India’s largest pet clinic chain, has raised $40 million in funding led by Bessemer Venture Partners to double its clinic network and expand its digital platform, including AI tools and vet-at-home services. The company plans to open 50-55 new clinics and scale its veterinary team organically over the next two years, targeting long-term customer retention in a rapidly growing petcare market projected to reach $7 billion by 2028.
India’s pet healthcare chain Vetic has secured $40 million in funding to accelerate expansion. The round was led by Bessemer Venture Partners (BVP) with participation from Greenoaks Capital, Lachy Groom, and JSW Family Office. Founded in 2022, Vetic operates 65 clinics across Indian metros, including 15 round-the-clock facilities, and employs 250 veterinarians for diagnostics, surgeries, and teleconsulting. The company also offers an e-pharmacy, quick commerce, pet insurance, and wellness plans. The funds will support Vetic’s goal to nearly double its clinic network by opening 50-55 new locations over two years, while expanding its veterinary team organically. Beyond physical clinics, Vetic is testing vet-at-home services in two cities and plans a national rollout within six months. It is also investing in AI tools to enhance its platform, aiming to create an integrated ecosystem for pet owners. Founder and CEO Gaurav Ajmera highlighted the demand for a unified platform, noting pet parents currently navigate multiple services. Vetic’s strategy focuses on long-term retention by consolidating healthcare, insurance, and wellness into a single experience. The company’s growth aligns with India’s petcare market, projected to grow from $3.5 billion in 2024 to $7 billion by 2028, according to Praxis Global Alliance. Vetic’s expansion follows a trend of investor interest in petcare startups. Competitors like Supertails ($30 million funding), Dr Doodley ($3.3 million), and Dr. Paws ($3.5 million) have also secured funding in recent years. Vetic’s previous $26 million round was also led by Bessemer, underscoring confidence in the sector’s potential. The funding will prioritize scaling clinics and digital infrastructure, including AI-driven tools and at-home services. Ajmera emphasized an organic growth approach, avoiding acquisitions to maintain operational control. The company’s focus on customer trust and retention positions it as a leader in India’s evolving petcare industry.
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