
In its Series B financing, Dogsee Chew raises $8 million
Natural pet treat brand Dogsee Chew has raised $8 million in its Arrangement B circular driven by Ektha.com, with interest from promoters, Shivanssh Holdings, and Poddar Family Office.
The brand has raised a add up to of $22 million in subsidizing to date, counting the current circular. In January 2022, the startup raised $6.7 million in its Arrangement A circular, driven by Mankind Pharma, in conjunction with existing investor Sixth Sense Ventures.
The new stores will be utilized to scale up fabricating capabilities by extending existing factories and constructing a new generation office. The company too plans to reinforce its Amazon Global Offering procedure to drive development in universal markets and grow advance into the United States and Canada in 2025.
Established in 2015 by husband-wife duo Bhupendra Khanal and Sneh Sharma, Dogsee Chew presently features a nearness in more than 30 nations. The startup claims to offer 100 percent vegetarian dog treats that are all-natural, human-grade, and protein-rich.
"With the premiumization of the pet food category on the rise, the request for our human-grade chews is exploding. This speculation guarantees we are well-prepared to meet this request by scaling generation and growing our nearness globally. To form our items more open, we too arrange to open distribution center points in key international markets, permitting our retail accomplices to consistently get to Dogsee Chews with shorter lead times,” said Bhupendra Khanal.
Concurring to data intelligence platform TheKredible, Dogsee Chew's income in FY24 stood at Rs 53.76 crore, compared to Rs 98 crore in FY23. The firm detailed a nearly level loss of Rs 27.73 crore within the final money related year.
The Bengaluru-based startup competes with brands such as Captain Zack, Fidele Dog Food, and others within the pet care portion.