Home-grown pet food brand TailBlaze raises Rs 1 crore in funding
- ByStartupStory | January 31, 2023
TailBlaze, a home-grown brand for pets, has raised Rs 1 crore at a valuation of Rs 150 million from Angel Investors across the Globe.
With the additional funding, TailBlaze plans to increase team size, product offerings, operations, and exports (to the USA, Europe, and the Middle East). The group, which already has more than 50 members, recently made investments in three manufacturing facilities located in Bengaluru, Surat, and Kanpur.
Additionally, the funds will be used to promote more than 50 new products that the company will introduce on March 23.
TailBlaze, a company founded by Einstein Entreprador and Manaal Maniyar, seeks to completely transform the pet industry, starting with food. The New Era of Wilderness is how the TailBlazers refer to it.
Industry forecasts predict that by 2023 alone, there will be 40 million dogs and cats kept as pets in India. The sector is expanding quickly, with a compound annual growth rate of around 20%. Additionally, it is a $200 billion global sector worth $1 billion in India.
Also Read
Follow Startup Story
Related Posts
