Pet care company Heads Up For Tails bags $37 million to expand its network
Aug 12, 2021, 12:40 IST
- The Series A round was led by Verlinvest and Sequoia Capital India.
- The company will use this funding to expand its distribution footprint and develop new products.
- Heads Up For Tails is also looking to hire 100 more employees by the end of this year.
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Pet care firm Heads Up For Tails has raised $37 million (about ₹277 crore) in a Series A funding round led by Verlinvest and Sequoia Capital India. Amitell Capital and existing investor W&C PetTech also participated in the round. Heads Up For Tails, which is a retailer for pet products, plans to use this funding to increase its distribution footprint across India and accelerate new product development as well as manufacturing.
It currently has distribution across Delhi-NCR, Bengaluru, Chennai, Hyderabad, Pune, Mumbai, Lucknow and Ludhiana. It also has manufacturing facilities and research and development (R&D) facilities in Delhi and Bengaluru.
A part of the funding would also be used to increase awareness among existing and new pet parents on the need for pet wellness and care through educational content and marketing activities.
The company was founded by Rashi Sanon in 2008. The company currently has a team strength of 350 employees across marketing, product, brand, tech and manufacturing. It aims to increase their employee count to 450 by the end of 2021.
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Sakshi Chopra, managing director (MD) of Sequoia India, highlighted that the Indian pet care market is valued at about $600 million and has been growing at over 20% compound annual growth rate (CAGR).
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