DogSpot, an online store for pets has raised funds from India Quotient, a fund setup by Anand Lunia of Seedfund.
While the company did not disclose the sum invested by India Quotient, the fund is known to invest around $500,000 in startups.
The company was seed funded by a group of investors including Vikas Saxena, the Global CEO of Nimbuzz. The seed investors are still with the company, Rana Atheya,CEO of DogSpot told NextBigWhat.
DogSpot is owned by PetsGlam Services Private Limited. The Gurgaon based online platform for dogs aggregates, organizes information and tries to bring dog community closer.
Currently, the platform has puppies listed by users spanning across various breeds such as Rottweiler, St. Bernard, Boxer, German Shepherd, amongst several others. Apart from dogs, DogSpot provides content around dog’s care and awareness.
“We will focus on product management and private labeling,” Atheya said. “There is a big brand building opportunity in the industry because there are only one or two known brands yet,” he added.
It is estimated that there are about 2 million pet dogs in India and the dog food industry is estimated to be worth over Rs 1,000 crore. “It will be a multi billion dollar business in 5-10 years,” he said.
So far, DogSpot has served mover 5,000 customers and delivered more than 15000 orders in 950 cities across the country. Its community has 20,000 active pet lovers, says Atheya.