Vetic, a pet care startup, reported remarkable revenue growth in FY25, with sales surging to Rs 62.9 crore from Rs 25.5 crore in the previous fiscal year, as reported by Entrackr : Latest Posts. Founded in 2022, Vetic leverages technology to offer pet healthcare services, including consultations, telehealth, vaccinations, surgeries, and grooming in multiple cities across India.
The company’s revenue streams primarily come from traded pet food and accessories, accounting for 46% of total revenue, and pet care services such as vaccination and grooming, contributing over 53% to the firm’s revenue. However, Vetic faced a substantial increase in losses, reaching Rs 65.6 crore in FY25, up by 63% from the previous fiscal year.
Key expenses for Vetic included employee benefits, cost of materials, payments to veterinarians, and marketing spend. The company highlighted a significant rise in marketing expenses, reflecting its efforts to expand its customer base and market presence.
Despite the revenue growth, Vetic’s losses widened, emphasizing the challenges in balancing rapid expansion with financial sustainability. The company’s financial performance underscores the competitive landscape in the pet care industry and the importance of strategic financial management in sustaining growth.
Source: Entrackr : Latest Posts