Company Overview

Founded in 2022 by Gaurav Ajmera, Vetic has emerged as a leader in India’s pet healthcare ecosystem. The company operates an integrated platform that combines physical veterinary clinics, emergency care, diagnostics, and surgical services with at-home care, insurance, and pharmacy offerings.

The Deal

Vetic has successfully raised $40 million in a new funding round led by Bessemer Venture Partners. Existing backers, including Greenoaks Capital, Lachy Groom, and JSW Family Office, participated in the round, reinforcing their commitment to the company’s long-term vision. This capital injection will fuel the expansion of its physical clinic network, the nationwide rollout of its ‘Vet at Home’ service, and further R&D in AI-driven diagnostic and triaging tools.

Traction and Financials

Vetic has demonstrated aggressive growth, currently operating over 65 clinics and 15 emergency facilities across 11 cities. The company serves more than 60,000 subscribed members. Financially, the company reported an operating revenue of Rs 62.9 crore in FY25, a 2.5X increase over the previous fiscal year, reflecting the rising demand for organized pet care services in India.

Market Context

The Indian pet care market is undergoing a structural shift as urban pet ownership climbs. Vetic’s ‘healthcare operating system’ model, which aims to standardize care through longitudinal data and AI, positions it as a sophisticated player compared to traditional fragmented veterinary practices. The sector is seeing significant venture activity, with competitors like Heads Up For Tails and Supertails also scaling rapidly.

Founder Takeaways

  • Focus on Ecosystem: Vetic demonstrates the value of integrating primary care with high-margin services like insurance and diagnostics to drive long-term customer lifetime value.
  • Tech-Enabled Scaling: Investors are increasingly drawn to platforms that use AI for triage and diagnostic support, as these tools help standardize care and optimize workforce productivity across large geographical footprints.
  • Manage Burn Strategically: Rapid expansion often leads to increased losses, as evidenced by Vetic’s FY25 figures; founders must ensure that unit economics improve alongside the footprint scale to justify late-stage capital.