Pet care super app Wagr has raised ₹4.2 crore in a funding round led by Inflection Point Ventures. IvyCap Ventures, Stanford Angels and Ashish Sharma (MD, Innoven Capital) also participated in the round.
The company will use the funds to expand the portfolio of pet products available on its e-commerce platform and expand the reach of veterinary consultations and pet healthcare offerings. She will also expand her team and step up her customer acquisition efforts.
Wagr offers a host of products and services such as 15-minute veterinary video consultations, an e-commerce store for pet products like food, treats, grooming needs and other accessories, a care guide for pets, a pet parent community, and a dog fitness location and tracker.
Wagr can be used through its mobile app and website. To date, it has over 15,000 users and has facilitated over 3,500 veterinary teleconsultations.
Siddharth Darbha, co-founder of Wagr, said: “At Wagr, we want you to be the best pet parent possible, and to help you keep your pet safe, fit, healthy and healthy. happy…we are building a pet. care platform that personalizes products and services based on your pet’s unique characteristics and behaviors. The pet industry has been growing rapidly for over a decade, but the pandemic has brought it to the fore. We intend to lead the way in the digitalization of the industry and make easy, affordable and satisfying pet care products and services available to all pet owners in India. .
Ankur Mittal, co-founder of Inflection Point Ventures, said, “Over the years, particularly post 2020, there has been a significant increase in the number of pet parents across the country. For pet parents, pets are like family members and therefore growth in this space should mirror the exponential growth we have seen in the “mother and child” space. Wagr has ingrained all pet needs on its platform, resulting in a strong buy-in from pet parents, as shown by a large number of loyal customers. We see this market continuing its growth momentum, added with D2C [direct-to-customer] push into the segment.
Vikram Gupta, Founder and Managing Partner, IvyCap Ventures Advisors Pvt Ltd, added, “We believe Wagr is a perfect platform to meet all pet parent requirements. The credibility of the services guarantees an increase in the number of loyal customers. Wagr has a strong team and the business model hits all the boxes. Therefore, we will strongly support the Wagr team.
Wagr has had over 10,000 downloads. The startup was also among the winners of the Qualcomm Design in India program. He represented India at the first ever India Tech Park at the Consumer Electronics Show in Las Vegas in 2020.
April 05, 2022