Sploot Raises Rs 5.2 Cr from Info Edge for Pet Care
- ByStartupStory | March 4, 2023
Petcare startup Sploot has secured Rs 5.2 crore in a funding round led by Info Edge, a prominent investor in the Indian startup ecosystem, according to recent reports. Founded in 2020 by graduates of the Indian Institute of Technology (IIT) Bombay, Sploot aims to provide pet owners with comprehensive petcare services, including veterinary consultation, grooming, and boarding facilities.
Additionally, the startup operates an online marketplace for pet products and accessories. The funds raised will be used to expand Sploot’s operations and further develop its platform.
With increasing pet ownership and rising disposable incomes, the petcare industry in India is experiencing rapid growth. However, the market is still largely dominated by unorganized local vendors, with few organized players in the space. Sploot aims to address this gap in the market by offering a comprehensive one-stop solution for all petcare needs. The startup recently raised Rs 5.2 crore in a funding round led by Info Edge, and plans to use the funds to expand its operations and further develop its platform.
Sploot’s recent funding round was led by Info Edge, a renowned investor in successful startups like Zomato and PolicyBazaar. The investment is a testament to the potential of Sploot and the increasing demand for petcare services in India. Co-founder Akshay Jagtap expressed excitement about having Info Edge as the lead investor and mentioned that the extensive experience of Info Edge in building and scaling successful startups will be invaluable to Sploot. The funding will aid in the startup’s growth and commitment to providing the best care for pets and their owners.
Sploot intends to use the raised funds to expand its petcare services in key Indian cities, such as Delhi, Mumbai, and Bangalore. The startup also plans to leverage technology to enhance its platform and provide a seamless experience to pet owners. The investment in Sploot is a positive indication for the Indian startup ecosystem, particularly the petcare industry. With the backing of investors like Info Edge, Sploot and other petcare startups can transform the way pets are cared for in India.
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