Supertails plans to acquire Blue 7 Vets in Mumbai

Supertails, a pet care startup, is in discussions to acquire Blue 7 Vets, a multispecialty veterinary clinic in Mumbai. This acquisition is part of Supertails' plan to increase its offline presence. Both companies are conducting due diligence, and the deal is expected to close in the coming months. Blue 7 Vets has two branches in Mumbai and specializes in complex surgeries and critical care. The clinic generates approximately 4 crore in revenue each month. Supertails plans to finance the acquisition using funds from a $15 million series B funding round raised last year. Supertails launched its first offline clinic in Bengaluru last month. The company aims to reach 10 lakh pets across India in the next two years. Its clinic offers high-quality care and focuses on pet emotional well-being, featuring separate waiting areas for different animals and various medical facilities. Founded in 2021, Supertails also sells pet essentials and provides telemedicine services. In the last three years, the company has served over 500,000 customers. Despite nearly doubling its revenues in FY24, Supertails reported a loss of 41.1 crore. India's pet care industry, valued at $3.5 billion, is expected to grow in the coming years. There is rising demand for premium pet services, which presents opportunities for Supertails and other companies in the market.