Exclusive: Petcare startup Vetic to raise $26 Mn led by Bessemer

Petcare startup Vetic is raising $26 million led by Bessemer Venture Partners at a $120 million valuation. The funding will expand its chain of tech-enabled veterinary clinics and diagnostic centers across North India. Vetic operates 18 clinics offering integrated pet healthcare through its app-connected facilities and at-home services. The Series A round includes $6 million secondary component providing partial exits to angel investors. The startup plans to launch pet insurance products and triple its clinic count by 2025 end. This investment reflects growing institutional interest in India's pet care market projected to reach $1.5 billion by 2027, fueled by rising pet adoption and healthcare spending.