[Funding Alert] Vetic Bags $3.7 Mn in a Seed Funding Round
[Funding Alert] Vetic Bags $3.7 Mn in a Seed Funding Round

Tech-enabled chain of modern clinics focusing on overall pet health care, Vetic, has raised $3.7 million in a seed funding round led by Lachy Groom. 

The round also saw participation from renowned angel investors including Utsav Somani (Partner, AngelList India), Nitin Saluja (Founder Chaayos), Ritesh Agarwal (CEO, OYO), Abhinav Sinha (COO OYO), Shiva Singh Sangwan (Founder,1947 Rise), Maninder Gulati (CSO OYO), Revant Bhate (CEO, Mosaic Wellness), Anuj Tejpal (CBO OYO), Revant Bhate (CEO, Mosaic Wellness), Abhishek Gupta (CFO OYO) and Manu Gupta (Founder, Blue Lion VC) amongst others.

Started in August 2022 by Gaurav Ajmera (Ex-COO OYO and Ex-CBO Pristyn Care), Vetic aims to provide pets with best-in-class medical care, and convenience to pet parents for all other pet care needs like nutrition, wellness, etc. The freshly raised capital will be used by the company towards further bolstering technology, establishing state-of-the-art medical infrastructure, as well as the geographical expansion of Vetic’s clinic network across Delhi NCR and Bangalore regions.

Gaurav Ajmera, Founder, Vetic said, “Pet adoption in India is increasing at a fast rate, however, pet health care remains the biggest challenge for pet parents. The current pet healthcare ecosystem is plagued with subpar clinical and medical infrastructure with minimal technology adoption. Vetic believes that every pet should have access to the best medical care. We aim to deliver this through our network of tech-enabled modern pet clinics equipped with the latest medical infrastructure and experienced veterinary doctors. The latest round of funding will allow us to invest in building consumer-facing technological platforms and cutting-edge medical facilities.

Lachy Groom stated, “Pet healthcare is going to experience the same disruption that personal healthcare has experienced over the last few decades. I believe Gaurav and the Vetic team will redefine the pet experience and build the leading pet healthcare brand in India.

The startup currently has 4 clinics in Gurgaon and plans to scale to 15 clinics across Delhi NCR and Bangalore regions by June 2023. Vetic recently launched Android and iOS mobile App, which enables seamless appointment booking and pet health record keeping, the first of its kind in pet health care.

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Retail India News: Welspun Living Joins Bharat Tex 2024 to Champion India's Textile Legacy
Retail India News: Welspun Living Joins Bharat Tex 2024 to Champion India's Textile Legacy

Welspun Living Ltd is set to take part in Bharat Tex 2024, a national textile exhibition in New Delhi from February 26 to 29, 2024. This event symbolizes India's standing in the global textile domain, and Welspun Living Ltd. is honored to be part of this significant initiative.

Founded in 1985 by Balkrishna Goenka, Welspun started as Welspun Winilon Silk Mills in Palghar, Maharashtra, and has grown into a global leader in home textiles over 35 years. The company transformed into Welspun Living Limited in 2023, known for innovation, branding, and sustainability. Welspun Living is the largest exporter of textiles to the US, reflecting its commitment to excellence and stakeholders. Guided by core principles, Welspun continues to lead in the textile industry, upholding its legacy amid the challenges of a dynamic global market.

Under the theme "Make in India, for the World," the company aims to exhibit its dedication to quality, innovation, and sustainability. Rooted in the ethos of Make in India for the World, its products fuse global trends with craftsmanship, meeting diverse consumer preferences worldwide. With a focus on dynamic trends in home textiles, Welspun Living uses consumer insights to drive innovation and maintain a leading position.

Bharat Tex 2024, featuring a wide array of textile products, will facilitate networking opportunities and spur growth in the global textile market. Welspun Living's participation will highlight its role in revitalizing India's textile value chain and supporting the Government of India's 5F vision (Farm to Fibre to Factory to Fashion to Foreign). The company aims to underscore India's rich textile legacy and its vision for a sustainable, innovative future globally.

Looking ahead, Welspun Living is committed to expanding its global footprint while reinforcing sustainability and societal impact. Planned trajectories include strategic investments in technology, research, and partnerships to drive growth across the value chain. As the textile sector evolves, Welspun Living remains dedicated to excellence, guided by a vision to create value for all stakeholders.

Dipali Goenka, CEO and MD of Welspun Living Limited stated, “At Welspun Living, our approach to 'Make in India, for the World' underscores the immense potential of India's manufacturing prowess. Through the integration of Industry 4.0 and AI, we are pioneering India's high capability standards globally. With our participation in Bharat Tex 2024, we aim to showcase our thought leadership on sustainability practices. Governance is critical, playing a significant role in catapulting the demand for Indian-made products globally. India is increasingly becoming a preferred global supply chain partner, and with technologies like predictive Analytics powered by AI, Blockchain, the Internet Of Things, and Data Analytics, it is imperative that we stay ahead of the curve and let Indian Textile become a giant in the world-industry.

Bharat Tex 2024 is expected to be a dynamic platform, bringing together industry leaders, policymakers, and stakeholders worldwide. Welspun Living looks forward to participating in insightful discussions, forming meaningful partnerships, and presenting its latest textile innovations at the event.


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