Pet care startup Vetic has closed a $40 million round led by Bessemer Venture Partners (BVP) with participation from existing backers Greenoaks Capital, tech investor Lachy Groom, and the JSW Family Office.
The Gurugram-based company is valued at $130-140 million post-money, up from $55 million in 2024, according to sources.
The company plans to expand its network of clinics and add 25 centres over the next year in key markets like Delhi-NCR, Bengaluru, Mumbai, Pune, Hyderabad, Chennai, and Kolkata.
“The primary use of the fresh capital will be to expand and strengthen the platform,” founder and CEO Gaurav Ajmera told ET. “We are investing in technology that connects consultations, diagnostics, pharmacy, grooming, memberships, and insurance into one ecosystem. A significant portion of the capital will go towards building and scaling this infrastructure.”
Founded in 2022 by Ajmera, Vetic has a network of over 65 clinics across 11 cities and 15 round-the-clock emergency facilities, and it also offers vet-at-home services, e-pharmacy, and pet supplies.
“Pet care in India remains fragmented. Pet parents often have to use separate providers for consultations, diagnostics, pharmacy, grooming, and other services. Vetic's goal is to bring these services onto a single platform,” said Ajmera.
In September 2025, Vetic partnered with multispecialty pet hospital Doggy World, combining its product and technology stack across the four clinics of the former.
Vetic also offers pharmacy and pet care products in 60 minutes across 1,200 pincodes. “Our 65 clinics double up as fulfilment centres. They act as local inventory hubs, allowing us to deliver products within their catchment areas,” Ajmera said.
In FY25, the company clocked Rs 66.6 crore in revenues, up from Rs 26.5 crore in FY24. Its net losses stood at Rs 65.6 crore in FY25, up from Rs 41.3 crore a year ago, according to RoC filings.
Commenting on the funding, Vishal Gupta, partner, Bessemer Venture Partners, said, “Gaurav and his team have turned a fragmented, doctor-led trade into a genuine consumer healthcare platform, with the unit economics and clinical standards to prove it.”
India’s pet care sector caught the attention of venture capital firms after witnessing a boom in the post-Covid period. In February this year, Supertails raised $30 million in a round led by Singapore-based investment firm Venturi Partners. In May 2025, Swiss food giant Nestle picked up a minority stake in Bengaluru-based Drool, turning it into a unicorn .
