Petcare super app Wagr has raised Rs 4.2 crore in a funding round led by Inflection Point Ventures and participation from IvyCap Ventures. The round also saw participation from Stanford Angels and Ashish Sharma (MD, Innoven Capital).
The capital will be used to expand the pet products available on its eCommerce platform and scale the scope of vet consultations and healthcare offerings. The company will also be expanding its team and scaling up customer acquisition efforts. The investment will be focused on strengthening the company’s leadership position as the largest, fastest-growing local language AI-driven content platform in the country. Avendus Capital was the exclusive financial advisor to VerSe Innovation on the transaction.