About PETKIT
PETKIT is a company based in Shanghai (China) founded in 2013 by Weike Guo.. PETKIT has raised $85 million across 6 funding rounds from investors including Qiming Venture Partners, CDH and Sofina. PETKIT offers products and services including Purobot Ultra, EverSweet Max, and YumShare Solo. PETKIT operates in a competitive market with competitors including Antelliq, Dogness, Dogcare, Hong Kong Tesla Technology and Hoison, among others.
- Headquarter Shanghai, China
- Founders Weike Guo
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Sectors
ConsumerTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Petkit Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$85 M (USD)
in 6 rounds
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Latest Funding Round
$50 M (USD), Series D
Aug 17, 2021
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Investors
Qiming Venture Partners
& 6 more
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Employee Count
Employee Count
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Products & Services of PETKIT
PETKIT offers a comprehensive portfolio of products and services, including Purobot Ultra, EverSweet Max, and YumShare Solo. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-enabled litter box for tracking cat health and waste.
Cordless fountain for fresh pet hydration monitoring.
Feeder with camera for scheduled pet feeding.
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Funding Insights of PETKIT
PETKIT has successfully raised a total of $85M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $50 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $50.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series D - PETKIT | Valuation | CDH , Sofina | |
| Sep, 2020 | Amount | Series C - PETKIT | Valuation | INCE Capital | |
| Feb, 2019 | Amount | Series C - PETKIT | Valuation | Qiming Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PETKIT
PETKIT has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Qiming Venture Partners, CDH and Sofina. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and private debt firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments are provided by Sofina to emerging companies.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PETKIT
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PETKIT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Petkit Comparisons
Competitors of PETKIT
PETKIT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Antelliq, Dogness, Dogcare, Hong Kong Tesla Technology and Hoison, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Animal identification and real-time monitoring solutions are provided for livestock.
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| domain | founded_year | HQ Location |
Pet dog activity tracking solutions are provided remotely.
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| domain | founded_year | HQ Location |
Smart pet feeders and dog training devices are provided.
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| domain | founded_year | HQ Location |
Smart pet care accessories for dogs are developed.
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| domain | founded_year | HQ Location |
Offers a smart feeder robot for pets, ensuring automated and convenient feeding for pet owners.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Petkit
Frequently Asked Questions about PETKIT
When was PETKIT founded?
PETKIT was founded in 2013.
Where is PETKIT located?
PETKIT is headquartered in Shanghai, China.
Is PETKIT a funded company?
PETKIT is a funded company, having raised a total of $85M across 6 funding rounds to date. The company's 1st funding round was a Series C of $20M, raised on Nov 17, 2013.
What does PETKIT do?
PETKIT was founded in 2013 in Shanghai, China, as a private label brand in the pet accessories sector. Operations focus on products including feeding bowls, water fountains, smart feeders, and cleaning items like paw cleaners and odor eliminators. Features such as light and motion sensors, water indicators, and food-grade materials are incorporated, with app-based control available on Android and iOS platforms.
Who are the top competitors of PETKIT?
PETKIT's top competitors include Dogness, Antelliq and Hong Kong Tesla Technology.
What products or services does PETKIT offer?
PETKIT offers Purobot Ultra, EverSweet Max, and YumShare Solo.
Who are PETKIT's investors?
PETKIT has 7 investors. Key investors include Qiming Venture Partners, CDH, Sofina, GGV Capital, and INCE Capital.
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