In a powerful endorsement of India’s rapidly growing petcare industry, Gurugram-based startup Vetic has raised ₹224 crore (~$26 million) in its Series C funding round, led by Bessemer Venture Partners. With participation from Lachy Groom’s LGF3, Acorn Heavy Industries, JSW Ventures, and Reed India, this latest round not only highlights investor confidence but also signals a new era for pet healthcare in the country.
In this article, we’ll take an in-depth look at how Gurugram-based veterinary startup Vetic is transforming the landscape of pet healthcare in India—exploring its impressive ₹224 crore Series C funding round, the innovative full-stack clinical model it champions, its rapid growth trajectory, and what its expansion plans signal for the future of the country’s fast-emerging petcare industry.
Credits: Ascendants
From Simba to a Startup: The Story Behind Vetic
Founded in August 2022 by Gaurav Ajmera, former COO at OYO, Vetic’s origin is deeply personal. When Ajmera’s cat, Simba, faced a life-threatening emergency, he was appalled by the lack of quality veterinary care. That moment became the catalyst for Vetic — a startup committed to delivering human-grade clinical outcomes for companion animals.
Just three years later, Ajmera’s mission has grown into a national movement, with Vetic building one of the most advanced veterinary networks in the country.
What Vetic Offers: A Full-Stack Clinical Experience
Unlike typical petcare services that operate in silos, Vetic follows a “full-stack” clinical model, offering end-to-end care. This includes:
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24/7 multi-specialty hospitals with critical care units
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Routine services like consultations, vaccinations, diagnostics, and grooming
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Advanced treatments including surgeries, physiotherapy, and telehealth support
As of now, Vetic operates over 40 centers across India and runs 7 hospitals offering round-the-clock care. With over 1 lakh pets served, the platform is rapidly becoming the go-to choice for quality veterinary services.
Funding Snapshot: Big Backers, Bigger Vision
| Investor | Investment |
|---|---|
| Bessemer Venture Partners | ₹152 crore |
| LGF3 (Lachy Groom) | ₹42.7 crore |
| Others (Acorn, JSW Ventures, Reed India) | Remaining ₹29.3 crore |
With this fresh capital, Vetic’s post-money valuation stands at ₹960 crore (~$113M). The company has now raised over $45 million (₹385 crore) in total funding since inception, making it one of the best-funded startups in India’s petcare space.
Financial Performance: Growth Comes at a Cost
Vetic is scaling rapidly — and the numbers show it.
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FY24 revenue hit ₹26.6 crore, growing 4.75x year-on-year
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Net loss: ₹40.2 crore
Most of the burn comes from network expansion and technology investments — a classic “growth-at-all-costs” approach aimed at long-term market dominance. While losses persist, the revenue growth signals strong consumer adoption.
What’s Next? Expansion, Insurance & Senior Petcare
With the Series C war chest, Vetic plans to:
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Add 25 more centers by December 2025, reaching a total of 65 locations
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Enter the pet health insurance market, a largely untapped opportunity in India
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Introduce senior petcare services, focused on aging pets with chronic health issues
Ajmera shared that there’s rising demand for elderly petcare, and future Vetic centers will include facilities for specialized treatment and monitoring.
Setting the Standard for Veterinary Care
Vetic’s rise is not just about business growth — it’s about changing the way India thinks about pet health. The startup also demonstrates social commitment, offering 20–30% discounts for community animals and implementing enhanced safety protocols following recent pet safety concerns.
In a market filled with players like Supertails, Wiggles, Dogsee Chew, and Heads Up For Tails, Vetic’s clinical-first, full-stack model stands out.
Credits: The Economic Times
Final Bark: A New Chapter for India’s Petcare Industry
India’s pet population is booming, and with it comes an urgent need for better healthcare infrastructure. Vetic isn’t just responding to this demand — it’s leading the charge. With visionary leadership, strong investor backing, and a commitment to quality, Vetic is poised to define what the future of veterinary care should look like.
For every Simba out there, better days are coming.
