In a major boost to India’s fast-growing petcare industry, Gurugram-based full-stack veterinary startup Vetic has raised ₹224 crore (approximately $26 million) in its Series C funding round, led by global investment firm Bessemer Venture Partners. The round also attracted significant participation from Lachy Groom’s LGF3, Acorn Heavy Industries, JSW Ventures, and Reed India, underlining strong investor confidence in Vetic’s vision of transforming animal healthcare in India.
Funding Snapshot
| Investor | Investment (INR) |
|---|---|
| Bessemer Venture Partners | ₹152 crore |
| LGF3 (Lachy Groom) | ₹42.7 crore |
| Acorn, JSW Ventures, Reed India | Remaining amount |
| Total Raised | ₹224 crore |
| Post-Money Valuation |
With this latest round, Vetic’s total funding has crossed $45 million (₹385 crore) since its inception.
From Personal Emergency to National Vision
Founded in August 2022 by Gaurav Ajmera, former COO at OYO, Vetic was born out of a personal crisis involving his pet cat Simba. Shocked by the poor standards of emergency veterinary care, Ajmera set out to build a modern pet healthcare ecosystem offering human-grade outcomes for companion animals.
Just three years later, Vetic operates:
- 40+ centers across India
- 7 multi-specialty 24/7 hospitals with critical care units
- Services including consultations, surgeries, diagnostics, vaccinations, physiotherapy, grooming, and telehealth
- Over 1 lakh pets served
Ajmera emphasized the startup’s compassion-first approach, noting that Vetic also offers discounted services (20–30%) for community animals and has tightened surveillance and accountability measures following recent concerns around pet safety.
Financial Performance
Though FY25 financials are awaited, Vetic’s FY24 results reflect its aggressive growth:
- Operating revenue: ₹26.6 crore (4.75x growth YoY)
- Net loss: ₹40.2 crore
- Strategic investments were largely directed at network expansion and technology upgrades.
This “growth-at-all-costs” strategy signals a long-term bet on capturing a major share of India’s nascent but surging petcare sector.
Scaling Up & Future Plans
With fresh capital, Vetic will now add an additional 25 centers till December 2025, reaching a total of 65. The company is also considering entering the pet health insurance field, a million-dollar yet underdeveloped field in India.
Ajmera also discussed a boost in demand for senior petcare, with plans already in the works to include specialized care for aging pets in all future locations.
The Bigger Picture: India’s Petcare Boom
India’s petcare market is witnessing rapid growth, with increasing pet ownership across urban centers. Vetic competes with other notable startups like Supertails, Wiggles, Dogsee Chew, and Heads Up For Tails, but positions itself distinctly through its full-stack clinical model.
The current round, almost doubling Vetic’s previous valuation, underscores investor optimism in the convergence of healthcare, compassion, and technology in the pet sector.
Setting Standards For Next Gen Vet
At INR 224 crores, Vetic’s fundraise is more than a capital infusion; it reflects a change in how India looks at veterinary care. Supported by heavyweight investors, a strong founder, and an even stronger expansion roadmap, Vetic is not just changing the look and feel of pet healthcare, it’s setting the stage for what the future of veterinary services should look like in India.
As India’s pet economy matures, startups like Vetic are likely to play a pivotal role in ensuring that every Simba gets the care it deserves.
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