Vetic raises $40M Series D to scale its pet healthcare clinic network
What's the deal? Vetic, an Indian pet healthcare startup, has raised $40M in a Series D round led by existing investor Bessemer Venture Partners, with participation from Greenoaks Capital, Lachy GroomDealroom has a profile for this one. Try Dealroom →, and JSW Family Office.
Founded in 2022 by former Pristyn Care chief business officer Gaurav Ajmera, Vetic operates a chain of pet healthcare centres offering consultations, diagnostics, and surgeries through a network of more than 250 veterinarians. It also provides at-home vet services, pet insurance, wellness plans, and an e-pharmacy.
The fresh capital will fund clinic expansion, strengthen Vetic's tech stack, and double its veterinary team to 500 vets. The startup also plans to roll out "Vet at Home" services across India in the next two fiscal quarters and expand its insurance and wellness offerings.
Why now? India's petcare market is booming. The overall market is expected to hit ₹2.1 lakh crore (roughly $25B) by 2032, driven by a growing cohort of pet parents demanding better healthcare for their animals.
Vetic says it has over 60,000 subscribed members and runs on a proprietary operating system that captures longitudinal health records for every pet from the first visit, standardising care protocols across its network. Prior to this round, the startup raised $26M in a Series C last May — meaning it has returned to market in roughly a year.
"Vetic is building a connected system where consultations, clinics, medicines, diagnostics, insurance, recovery, and wellness all work together — not just to improve efficiency, but to help people care better for the pets they love," Ajmera said.
What could go wrong? Scaling a physical clinic network is capital-intensive and operationally complex, especially across a country as vast as India. Doubling vet headcount while maintaining care quality is no small feat. And pet insurance remains a nascent category in India, where consumer awareness and willingness to pay are still developing.
The signal: Bessemer Venture Partners doubling down on Vetic as lead investor for a second consecutive round — alongside Greenoaks Capital and angel investor Lachy Groom — underscores growing conviction in vertically integrated pet healthcare plays in India. With the country's petcare market projected to reach roughly $25B by 2032, Vetic's ability to return to market just 12 months after its Series C suggests the late-stage startup is hitting the growth milestones needed to attract follow-on capital in a competitive funding environment.
