India’s pet care startup ecosystem continues to grow rapidly, and Gurugram-based Vetic is riding this wave with aggressive expansion. The company reported a sharp rise in its operating revenue for FY25, but the growth was accompanied by increasing losses, highlighting the challenges of scaling in a competitive market.
Revenue Jumps 2.5X in FY25
Vetic recorded an operating revenue of around Rs 63 crore in FY25, up from Rs 25.5 crore in FY24, marking a 2.5X growth. The surge reflects increasing demand for organised pet healthcare services in urban India, where pet ownership is steadily rising.
The company earns through a combination of product sales and services. Pet food and accessories contributed nearly 46% of its revenue, while services such as consultations, grooming, vaccinations, and surgeries accounted for the remaining share. Founded in 2022, Vetic has quickly expanded to over 40 centres across major cities and claims to have served more than one lakh pets.
Losses Rise Due to Higher Costs
Despite strong revenue growth, Vetic’s losses widened to approximately Rs 66 crore in FY25, compared to Rs 40.2 crore in FY24. The increase in losses reflects the startup’s heavy investment in expansion and operations.
Employee benefit expenses formed a significant portion of total costs, along with spending on materials, veterinary professionals, and marketing. Notably, marketing expenses saw a sharp increase, indicating the company’s focus on brand building and customer acquisition.
Profitability Remains a Concern
The startup’s unit economics remain under pressure, as it reportedly spent over Rs 2 to earn every rupee of revenue during the fiscal year. Key financial indicators such as EBITDA margins also stayed negative, suggesting that profitability is still some distance away.
Outlook: Growth First Strategy
Vetic’s financial performance mirrors a broader trend among Indian startups, where rapid scaling often takes priority over immediate profits. Backed by investor funding, the company is focused on expanding its presence and strengthening its service offerings.
As India’s pet care market continues to evolve, Vetic’s ability to improve efficiency and control costs will be critical. Striking the right balance between growth and profitability will determine its long-term sustainability in this competitive space.